April 29, 2016 / 2:33 AM / a year ago

LG Display says to invest almost $400 million in South Korea for OLED capacity

SEOUL (Reuters) - 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.

A man looks at LG Electronics' TV sets, which are made with LG Display flat screens, at its store in Seoul, South Korea, April 26, 2016. REUTERS/Kim Hong-Ji

An LG Display spokeswoman told Reuters the 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.

Reporting by Se Young Lee; Editing by Ryan Woo

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below