SEOUL (Reuters) - LG Display <034220.KS> said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.
The display screen maker said in a statement it would continue to expand its lead in the OLED TV market.
LG Display is shifting its mainstay liquid crystal display (LCD) business towards next-generation OLED panels, as the LCD panel industry is crowded with Chinese rivals.
The South Korean firm is scheduled to report its second-quarter earnings later Tuesday.
(Reporting by Ju-min Park, additional reporting by Joyce Lee; editing by G Crosse and Stephen Coates)
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Updated Date: Jul 23, 2019 06:05:08 IST