LG introducing new OLED panel line

LG Display Co Ltd in South Korea decides to invest up to 900 billion won (802.75 million dollars) to make a new production line for small and medium sized organic light transferring diode (OLED) displays stated by the Reuters. The plant will produce flexible OLED panels used for smart phone and also wearable products and will be made in South Korea. The display panel builder which provisions screen to Apple Inc and sister company LG electronics Inc has been seeking whether to create a new production line for the all new flexible OLED panels or to convert existing capacity. The South Korean stock exchange company has a conversation with the LG Company on Monday to ask them to comment by 0900 GMT on whether it decided to create the new OLED production plant. Spokesmen for LG display refused to comment.