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LG Display says considering OLED display investment
July 6, 2015 / 6:53 AM / 2 years ago

LG Display says considering OLED display investment

SEOUL, July 6 (Reuters) - South Korea’s LG Display Co Ltd is considering investments related to organic light-emitting diode display technology, the firm said on Monday, following a media report that it plans to spend up to 900 billion won ($800.04 million) for a new production plant.

LG Display, which supplies screens to Apple Inc and sister firm LG Electronics Inc, said in a regulatory filing that no decisions had been made about a potential investment.

South Korea’s DongA Ilbo reported on Monday that LG Display would invest up to 900 billion won to build a new plant to make small-and-medium flexible OLED displays. The plant would be built in South Korea, the newspaper said. ($1=1,124.9500 won) (Reporting by Se Young Lee; Editing by Clarence Fernandez)

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