LG Display says to invest $655 mln to make OLED panels

SEOUL Mon Feb 18, 2013 10:01am IST

LG Electronics' company logo is displayed at their news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013.REUTERS/Rick Wilking

LG Electronics' company logo is displayed at their news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013.

Credit: Reuters/Rick Wilking

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SEOUL (Reuters) - South Korean flat-screen maker LG Display (034220.KS) said on Monday it would invest 706 billion won to manufacture next-generation displays used in televisions.

LG Display, currently the sole manufacturer of organic light emitting diode (OLED) panels used in TVs, said mass production from its new production line will begin in the first half of next year. (Reporting by Miyoung Kim)

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