[Mediapen=Cho Han-jin] LG Display announced today that it will invest additional KRW 3 trillion into Gen 10.5 (2,940mm X 3,370mm) OLED production line at its P10 plant in Paju, Korea. 

The company is stepping up its effort to advance into the OLED era with this investment.

To meet the growing demand for OLED, LG Display decided to aggressively expand the large-sized OLED production infrastructure. The company will mainly produce 65-inch and above supersized OLED panels from the Gen 10.5 production line. 

It will start producing 30,000 sheets per month from the first half of 2022. An additional 15,000 sheets per month will be produced from the first half of 2023.

LG Display expects to solidify its competitiveness in the supersized TV market once it completes its Gen 10.5 OLED production facility. In addition, it will continue to lead the existing TV market with differentiated OLED products, such as wallpaper OLED, Crystal Sound OLED and rollable OLED, and will create a new market by expanding applications that can use OLED panels.

Based on the increased production and cost efficiency that its Gen 10.5 OLED production line will bring about, LG Display will find new applications and markets for OLED while also expanding the existing OLED TV market, thereby strengthening its leading position in the OLED display industry.