LG Display will invest KRW1.05 trillion in a new factory to mass produce flexible OLED’s


Earlier today, LG Display announced that it intends to invest KRW1.05 trillion ($905 million) over a two-year period to establish a factory in South Korea that will be used to develop and produce the sixth generation of flexible plastic OLED’s.

As it stands, LG and Samsung are currently the only two companies able to manufacture flexible displays, but it appears that the former would like to overtake its competition by using the new facility to develop both foldable and large-size auto displays for smartphones, automobiles and wearables.

The new manufacturing complex is expected to commence mass production from the second quarter of 2017.

Source: LG Display