LGD Creates Dedicated OLED Unit

LG Display (LGD) is reported to have established a new division to focus exclusively on commercialising OLED technology. The new division is to be led by the company’s CTO, Yeo Sang-deog, who was recently promoted to president from executive VP for his contribution in securing LG’s OLED leadership and expanding client base in TVs and mobile. A spokesman for LGD was quoted as saying that the company has created the new business unit to gather together all of the “hitherto scattered OLED-related departments into one”. The company was also reported to be planning to quadruple OLED panel production this month, in an attempt to reduce the price of OLED TVs and make them more attractive to consumers.