LG Display introduced the era of large-sized OLED panels with the world's first 55-inch OLED TV panel in January 2013, followed by the introduction of the era of flexible OLED displays with the mass production of the world's first plastic substrate-based 6-inch flexible OLED display for smartphones in October 2013 and the world's first 1.3-inch circular flexible OLED display in September 2014.

LG Display aims to lead the flexible OLED market by offering customers differentiated value, with the accumulated technology skills from large-size OLED display production applied to flexible OLED displays.

According to IHS DisplaySearch, a global market research firm, the flexible OLED market is expected to soar from 2015, with sales increasing from $3.5 billion in 2015 to $4.8 billion by 2021.

In addition, LG Display signed a MOU on OLED investment and administrative support with the Gyeongbuk Province and Gumi City governments on July 23, with the company having been promised to receive administrative service support from the local authorities.

LG Display has invested approximately KRW 14 trillion in Gumi facilities since the start of mass production at P1 in 1995, including an investment of KRW3.7 trillion for the integration of the IT and mobile display facilities over three years starting from 2008, and KRW2.05 trillion for enhancing technology for small-medium size displays from 2012.

The additional investment of KRW1.05 trillion in the flexible OLED line is expected to create jobs and promote regional economic growth by creating synergies between the production of LCD and OLED displays.

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