LG focuses on OLED business

LG Display will expand its advanced display business by entering the small-sized organic light-emitting diode (OLED) market currently dominated by Samsung Display, according to LG officials Thursday.

The expansion came as the display-making affiliate of LG Group has experienced falling profit margins in the liquid crystal display (LCD) market. The firm also aims to capitalize on brisk sales of LG Optimus smartphones manufactured by LG Electronics. According to LG officials and market analysts, LG Display plans to make new investments in developing the small-sized OLED display business to produce flexible OLED displays from the latter half of this year.

For full article, see Korea Times.

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