LG Display Company, the digital display manufacturing unit of South Korea’s LG Group, plans to invest KRW 700 billion (US$ 517 million) to expand its domestic organic light-emitting diode (OLED) production facilities, according to local reports.
The new investment follows the sale of the company’s 80% stake in its display panel and module plant in China’s Guangzhou Province to China Star Optoelectronics Technology (CSOT) for KRW2.25 trillion.
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A spokesperson for LG Display confirmed that the company is looking to use part of the proceeds of the sale to either expand its existing OLED production facilities in Paju, in Gyeonggi Province just outside Seoul, or build an entirely new facility.
Other proceeds from the Chinese plant sale will be used to strengthen LG Display’s research and development (R&D) operations and to cover operational expenses, with the aim of strengthening the company’s overall competitiveness in the global OLED market. The company was expected to sign a memorandum of understanding (MOU) with the Paju City government in July.
LG Display showcased its latest OLED technologies last month at SID Display Week 2025 in San Jose, California, the world’s largest display exhibition. Under the theme “Display Technologies Shaping the Future,” the company unveiled its latest full OLED lineup – covering large and medium displays, and also automotive displays aimed at next-generation connected vehicles.
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