Samsung TV
New division will help Korean electronics giant react more quickly to changes in the LCD market

Samsung's board has given the go-ahead for its plan to spin off the firm's Liquid Crystal Display (LCD) division, reports the BBC.

It will launch the new unit, Samsung Display Company Ltd, as a new corporation on April 1st, once it has shareholder approval for the move.

Samsung, like all LCD manufacturers, is going through a tough time as product demand slows and prices have been eroded.

"The spin-off will allow us to make quicker business decisions and respond to our clients' needs more swiftly," said Donggun Park, executive vice president and head of Samsung's LCD business.

More after the break

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