Yes, it's an LCD TV panel - the SM LED has a moulded lens fitted over it.
You can (and should) buy the ready assembled strips for replacement purposes, these are easily and cheaply available from China (and Ebay etc.) - trying to replace the individual LED's means you have to VERY, VERY accurately refit the moulded lenses, and even a small misalignment produces visible patches on the TV picture.
As a further point, LG (in particular) made vast numbers of sub-standard LCD panels (and as well as using them for their own sets) sold them to many other manufacturers, such as Samsung. Basically they 'cost improved' the panels by reducing the number of LED's fitted, as a result the LED's are driven too hard, over heat and burn out, even melting the moulded lenses off them.