LG Display will increase its investment in the production of OLED-displays.
Han Sang Bong admitted that LG Display lags behind its competitors in the segment of the OLED-displays and said that the popularity of OLED-panels will increase significantly in the coming years.
"It is true that we were late with investments in the development of the OLED-displays for small electronic devices than TVs can not be denied that the flexible OLED-displays have become a mega-trend in the mobile segment, and we have to accept it." - He said at the LG event.
Head of LG Display also said that currently the share of OLED-displays in the company's earnings is less than 10%. And now, LG Display is considering the gradual closure of production lines for the production of LCD-panels and plans to the example of Samsung Display to switch focus to OLED development.
Earlier, it was reported that Apple refuses to use LCD-displays in 2017 will release its first iPhone with OLED-screen TV. Order delivery OLED-panels for future iPhone, rumored to have got to the South Korean company Samsung. And in 2018 it can join LG Display. By the way, Samsung Display, which controls 95% of the market OLED-panels , invest in the development of their production another $ 6.8 billion. And LG investment amount in this area is not specified.