LG Display, the world's leading innovator of display technologies, announced today that it plans to make an investment in new OLED technologies at the trillion-KRW level to enhance its technological competitiveness and growth foundation.

The company's board met on June 17 and approved an investment of KRW 1.26 trillion in new OLED technologies to secure a leading position in the display market.

It will focus on infrastructure development, including facilities for applying new OLED technologies. The investment period has been set for approximately two years, from June 17, 2025, to June 30, 2027.

This investment is part of LG Display’s mid- to long-term capital expenditure (CAPEX) plan, and efforts to improve the company’s financial structure will continue independently of it.

LG Display plans to focus its facility investment related to next-generation OLED technologies primarily at its Paju campus. This move aims to proactively respond to growing global demand for OLED in the display market.

The company’s strategy is to focus investment on developing premium products to continuously deliver differentiated customer value and widen the gap with competitors in the growing OLED market. This approach is based on the assessment that demand for high-performance premium OLEDs is increasing as technology evolves.

Through its investment, LG Display will concentrate on next-generation premium OLED panels and building module infrastructure. The investment decision was made after thoroughly verifying and preparing stable technology development, mass production systems, and market demand, aiming to secure both future growth drivers and enhanced profitability.

LG Display’s decision to invest in OLED is expected to have a positive impact on the local economy of Gyeonggi-do, including Paju, where most of the investment will be concentrated. In particular, this is the first domestic investment of its kind since the sale of the company’s Guangzhou LCD factory in China and is expected to contribute to the recovery of the national economy.

It not only involves large-scale direct facility investment but also anticipates indirect economic effects through collaboration with small and medium-sized partner companies. As a result, it is expected to have a positive effect on revitalizing local commercial districts.

“If last year laid the foundation for a turnaround, this year we will do our utmost to make it a year to leap forward,” said Cheoldong Jeong, CEO and President of LG Display. “We will proactively develop differentiated technologies and products unique to LG Display to deliver customer value and lead the market.”

(Photo credit: LG Display)