South Korea's LG Display plans to invest up to 900 billion won ($802.75 million) to build a new production line for small and medium organic light-emitting diode (OLED) displays, the DongA Ilbo newspaper reported today.
The plant will produce flexible OLED panels used for smartphones and wearable products, and will be built in South Korea, the paper reported.
The display panel maker, which supplies screens to Apple and sister company LG Electronics, has been considering whether to build a new production line for the flexible OLED panels or convert existing capacity.
The South Korean stock exchange separately on Monday asked the company to comment by 0900 GMT on whether it planned to build a new OLED production plant. A spokeswoman for LG Display declined to comment.
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