Expert panel to review LG's OLED factory plan in China: Yonhap

By Lim Chang-won Posted : November 29, 2017, 17:19 Updated : November 29, 2017, 17:19

[Yonhap News Photo]



The South Korean government said Tuesday an expert panel will review LG Display Co.'s plan to build an organic light-emitting diode (OLED) plant in China, which has been delayed due to concerns over technology leaks.

LG Display asked the government in July to approve the investment plan worth 5 trillion won (4.4 billion US dollars) to build its first large OLED panel production line in the southern Chinese city of Guangzhou.

Following three rounds of preliminary reviews, an expert panel under the Ministry of Trade, Industry and Energy will hold a meeting on Thursday to look into the plan and later deliver its recommendation to an industrial technology protection committee, which will make the final decision.'

In earlier meetings, members of a subcommittee expressed concerns over technology leaks and diplomatic uncertainties between Seoul and Beijing. Industry officials have raised concerns that the delayed approval could hamper LG's business plan to shift from LCD to OLED.

(Yonhap)

 
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