LG Display announced on the 17th that it will pursue OLED technology investments worth trillions of won to strengthen its competitive edge and growth foundation.
On the same day, LG Display held a board meeting and decided to invest 1.26 trillion won in OLED new technologies. The company noted, "This decision is to secure leadership in the display market by enhancing OLED's differentiated technological competitiveness."
The detailed investment plan involves building infrastructure and equipment necessary for implementing OLED new technologies. The investment period will be approximately two years, from June 17 to June 30, 2027. LG Display stated, "This investment is part of our medium to long-term capital expenditure (CAPEX) plan, and we will continue efforts to improve our financial structure separately from this investment."
LG Display plans to focus its equipment investments related to next-generation OLED new technologies at its business site in Paju. This is analyzed as a proactive response to the increasing demand for OLED in the global display market.
According to market research firm Omdia, the global liquid crystal display (LCD) market was valued at $78.94304 billion (about 112 trillion won) last year and is expected to grow at an average annual rate of around 1% until 2028. In contrast, OLED is anticipated to grow by 5% over the same period, projected to reach $68.675 billion (about 100 trillion won) by 2028, up from $53.31057 billion (about 76 trillion won) last year.
In response, LG Display has a strategy to focus investments on developing premium products. With this investment, LG Display is concentrating on building infrastructure for panels and modules incorporating next-generation premium OLED technology. A representative from LG Display explained, "This investment decision is based on establishing a stable mass production system and thoroughly validating and preparing for market demand, aiming to secure both the driving force for future growth and revenue enhancement simultaneously."