LG Display's POLED [Courtesy of LG Display]
South Korea's LG Display is to invest two trillion won (1.75 US dollars) to meet the rising global demand for flexible organic light emitting diode (OLED) displays, the company announced Wednesday.
OLED is widely used in smart devices' display. POLED is an OLED built on polyimide circuit boards and could be bent or rolled up. POLED is considered the next generation of display technology. It is mainly used in displays with rounded edges such as Samsung's Galaxy Edge series.
Currently, LG is the world's leading LCD manufacturer. The company also creates OLEDs but the company is a step or two behind Samsung Display, the world's largest OLED manufacturer in OLED market. To close in on the gap between LG and Samsung, LG Display is to establish a new production line for POLED display.
LG Display's CEO Han Sang-beom said: "Currently the POLED is the mega-trend in the mobile industry and LG Display will keep up with the industry's trend." As an addition to the sixth generation production line for POLED in Gumi complex, the display giant is to build a new production line to Paju complex.
"A paradigm shift in the display industry is a new challenge and also an opportunity," Said Han Sang-beom, "LG Display will become the industry's leader by making investments at an appropriate timing and maximizing its efficiency."
Aju News Park Sae-jin = swatchsjp@ajunews.com
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