“South Korea’s LG Display said it had signed a deal to supply LCD panels to Apple Inc. for five years,” Marie-France Han reports for Reuters.

“The world’s second-biggest maker of LCD screens did not disclose the total size of the deal but said in a filing to the Korea Exchange that it would receive a $500 million advance from Apple this month,” Han reports. “‘Although LG Display already had a relationship with Apple, the deal’s duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance,’ said Son Young-jun, a spokesman for LG Display.”

“‘LG Display’s panels already represent more than 70 percent of Apple’s notebooks and monitors,’ said Park Sang-hyun, an analyst at HI Investment & Securities,” Han reports.

Full article here.

MacDailyNews Take: Lucky GoldStar, indeed.

[Thanks to MacDailyNews Reader "James W." for the heads up.]