update 1-lg display to invest $2.6 bln in oled panel plant in s.korea
Seoul, July 23Reuters)-
LG Display said on Tuesday it will invest 3 trillion won ($2. 6 billion)
In the organic lightLEDs (OLED)
Panel production line in Korea.
Apple\'s suppliers earlier predicted that the company\'s investment in OLED panels would reach 2019 in the face of weak demand for smartphones and technology products.
In a statement, the company said it would continue to expand its leading position in the oled TV market.
LG Display is changing its main LCD Display (LCD)
Business to the next
With the LCD panel industry crowded with Chinese competitors, a new generation of OLED panels came into being.
The South Korean company plans to announce the second time
Quarterly earnings late Tuesday.