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LG Display Announces $925 Mil. Investment Plan to Bolster OLED Technology

Summary by World News
LG Display said Tuesday it will invest 1.26 trillion won ($925 million) to strengthen the competitiveness of its organic light-emitting diode (OLED) business,

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연합뉴스-Yonhap News Agency연합뉴스-Yonhap News Agency
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(Seoul = Yonhap News) Reporter Jang Ha-na = LG Display announced on the 17th that it will invest 1.2 trillion won to strengthen its organic light-emitting diode (OLED) technology competitiveness and growth base...

·Korea, Republic of
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By obtaining for the first time the validation of two international W-OLED standards by the IEC (International Electrotechnical Commission), China sends a strong signal to the display sector. Faced with this rise in power, LG Display is committing $925 million to maintain its leadership.

[Digital Daily Reporter Ko Seong-hyeon] LG Display (CEO Jeong Cheol-dong) is pushing forward with an investment in OLED new technology worth tens of billions of won to strengthen OLED technology competitiveness and growth foundation. LG Display held a board meeting on the 17th and decided to invest 1.26 trillion won in OLED new technology. This decision is to strengthen OLED's differentiated technological competitiveness and secure leadership i…

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Naver broke the news in on Tuesday, June 17, 2025.
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