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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] LG Display announced on June 17 that its board has approved a ₩1.26 trillion (approx. USD 910 million) investment to build infrastructure for next-generation OLED technologies. The investment will be concentrated at its Paju facility in Gyeonggi Province and is scheduled to be completed by June 30, 2027.
This marks the first multi-trillion-won investment announcement in South Korea since the launch of the Yoon Suk-yeol administration.
The move is aimed at proactively responding to rising global demand for OLED displays and solidifying LG Display’s technological leadership in the sector. According to market research firm Omdia, the global OLED market is projected to grow at an annual rate of 5%, from USD 53.3 billion in 2023 to nearly USD 68.7 billion by 2028.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
