LG Display has announced a substantial investment of 1.26 trillion Korean won to reinforce its competitive edge in OLED technology and establish a solid foundation for future growth.
During the board meeting held on June 17, LG Display decided to allocate approximately two years—from June 17, 2025, to June 30, 2027—to construct infrastructure and facilities dedicated to next-generation OLED technologies. This strategic investment is aimed at differentiating LG Display’s OLED offerings and securing a leading position in the increasingly competitive display market.
The investment plan is incorporated into the company’s medium- to long-term capital expenditure (CAPEX) strategy and will be pursued alongside efforts to improve LG Display’s financial structure for sustainable growth.
The company will focus its facility investments primarily at its Paju plant, targeting cutting-edge OLED technology. This move responds proactively to the rapid growth of the global OLED market, which market research firm Omdia forecasts will expand from approximately 76 trillion won in 2024 to around 100 trillion won by 2028, growing at an average annual rate of 5%. In contrast, the LCD market is expected to grow at a modest 1% annually.
LG Display aims to capitalize on the increasing demand for premium OLED panels by intensively investing in the development of high-performance, premium products. The goal is to further differentiate itself from competitors by advancing technological capability and capturing a larger share of the high-end display market.
Through this investment, LG Display plans to establish infrastructure for next-generation premium OLED panels and modules, ensuring stable technology development, mass production capabilities, and market validation. The comprehensive approach is designed to promote both future growth and enhanced profitability.
Notably, this marks LG Display’s first large-scale OLED technology investment within Korea since the sale of its Guangzhou LCD factory in China. It is expected to invigorate the regional economy, particularly in Gyeonggi Province, including Paju. The move is also anticipated to contribute to broader economic recovery efforts.
Additionally, beyond facility investments, activities involving collaborations with small and medium-sized suppliers are expected to have positive ripple effects on local business districts, further energizing regional economies.
LG Display CEO Jeong Chul-dong stated, “While last year laid the groundwork for a turnaround, this year will be the year of leap forward. We will focus all our capabilities to develop independent OLED technologies and products ahead of the market to maximize customer value and lead the industry,” emphasizing LG Display’s commitment to pioneering innovation and market leadership.
