LG Display Invest $400 Million In OLED Production In South Korea

0

LG Display Co said on Friday it plans to invest 450 billion won ($395.99 million) in South Korea to build production capacity for flexible organic light-emitting diode (OLED) displays and OLED lighting panels.

An LG Display spokeswoman told that company would invest 310 billion won to boost flexible OLED capacity and 140 billion won to build a dedicated OLED lighting production line.

The investment adds to the 1.05 trillion won the firm committed in July 2015 for building its fourth organic light-emitting diode factory in the city of Gumi, about 200 kilometers southeast of Seoul.

LG-Display-Invest-400-Million-In-OLED-Production-In-South-Korea

Asmaa Mubita is a Kenyan journalist of international repute with over fifteen years of experience in broadcast journalism. Asmaa Mubita began his journalism career at the Kenyan state broadcaster (KBC) and later worked at the KTN owned by the Standard Group and Citizen Television, the flagship brand of Royal Media Services. These exploits together with his reporting experience with the Voice of America, CNN and BBC have been rewarded with local and global recognition.