Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
피터빈트

Korea panel approves LG Display's factory plan in China

By Yonhap

Published : Dec. 26, 2017 - 15:21

    • Link copied

A government panel on Tuesday greenlighted LG Display Co.'s 5 trillion-won ($4.4 billion) project to build its first large organic light-emitting diode plant in China.

The panel under the Ministry of Trade, Industry and Energy had been reviewing the plan since July when LG Display asked the government to approve its investment in the southern Chinese city of Guangzhou.

The panel gave the condition that LG Display must increase the localization of its equipment and its investment at home.

A model shows off LG Electronics Inc.`s OLED flexible signage at the 2017 International Meeting on Information Display at an exhibition center in Seoul on Oct. 17, 2017. (Yonhap) A model shows off LG Electronics Inc.`s OLED flexible signage at the 2017 International Meeting on Information Display at an exhibition center in Seoul on Oct. 17, 2017. (Yonhap)

There have been concerns about technology leaks amid diplomatic uncertainties between Seoul and Beijing, while industry officials have said that the delayed approval could hamper LG's business plan to shift from LCD to OLED.

OLED technology has been garnering more attention as an alternative to the ubiquitous liquid crystal displays, and LG Display plans to ramp up its investment in the next-generation panel technology. 

The South Korean firm's market share of large display panels came in at 19.3 percent of the total in the third quarter, falling to the No. 2 spot for the first time since 2009, according to data compiled by industry tracker IHS Markit. China's BOE Technology Group took first place with 21.7 percent. (Yonhap)

More from Headlines