LG Display announced today that it has established a joint venture with AmTRAN Technology, a fast growing OEM/ODM LCD TV company in Taiwan, to better position itself in the LCD TV market. LG Display and AmTRAN Technology signed an agreement to set up a joint venture that will produce LCD modules and EMS(electronic manufacturing system) based LCD TVs. The joint venture company, to be named Suzhou Raken Technology Ltd., will be set up in Suzhou, China, and funded with an investment of USD 20 million. LG Display and AmTRAN will each hold a 51% and 49% equity position in the new company. And the joint venture will be run on the spirit of full collaboration between both LG Display and AmTRAN.