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LG To Invest Over $1 Billion In New OLED Production Line

LG To Invest Over $1 Billion In New OLED Production LineSouth Korean newspaper DongA Ilbo has reported that the plant will produce flexible OLED panels used for smartphones and wearable products, to be built in South Korea, according to a Reuters report.

According to the report, LG Display has been considering whether to build a new production line or to convert existing capacity.

The South Korean stock exchange separately on Monday asked LG to comment by 0900 GMT on whether it planned to build a new OLED production plant, Reuters reported.