"Under the company's business principle to cope with the market flexibly, we have decided to reduce the amount of glass plate inputs" at two factories in South Korea, the official said.

Global LCD panel prices dropped more than 10 percent month-on-month in July amid oversupply, according to display market researcher DisplaySearch.

South Korea's Samsung Electronics, the world's largest LCD manufacturer has said it has no immediate plan to cut down on the producing of its flat-screen panels.

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