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LG Display to increase OLED TV panel production by 40%

South Korean maker aims to turn first profit from business

LG OLED TV
LG Display will increase production of OLED panels for TVs by 40% in 2019.   © Reuters

SEOUL -- South Korean manufacturer LG Display will increase production of Organic Light Emitting Diode panels in 2019, with the aim of making its OLED panel business profitable for the first time.

The increase will raise production of panels for televisions to 4 million units, 40% more than the planned output of 2.8 million for 2018.

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