Samsung Electronics has taken a step closer to spinning off its liquid crystal display (LCD) unit after the board approved plans to do so. The company said it will spin off the unit as a new company called Samsung Electronics Display Co Ltd on April 1. The move, which still requires shareholder approval, comes as demand for LCD products is slowing and profits are declining. Samsung said it plans to focus on new technology to keep its competitive edge in the industry. "The split-off will allow us to make quicker business decisions and respond more quickly to our customers' needs," said Donggun Park, executive vice president and head of Samsung's LCD business. "By strengthening corporate competitiveness, we will continue to provide the market with quality products and services," he added. [Small City Stock Market engages in enterprise website construction, website optimization, website promotion, overall marketing planning and implementation of enterprise e-commerce, possessing a well-known SEO team with rich practical experience and high technical strength, providing you with website SEO optimization service with "marketing and conversion rate" as the goal, allowing customers to see intuitive results. Business QQ Consultation: 466401604, 8838478 Contact Number: 13422475786] Related thematic articles: Online Marketing and Website Promotion Ideas Comprehensive online marketing for your website Apple wins patent ruling against Motorola over slide-to-unlock feature Comprehensive online marketing for your website Rumor: Large iPad 3 reveal to happen on March 7