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LG Display and Samsung race Chinese rivals as LCD woes deepen

South Korean companies gear up for transition to OLED to keep edge

LG shows off its OLED 8K television at the IFA consumer tech fair in Berlin on Sept. 5.   © Reuters

SEOUL/TAIPEI -- Samsung Display and LG Display are racing to stay ahead of their Chinese rivals as a supply glut of LCD panels accelerates the shift to next-generation displays.

The two South Korean tech giants are cutting production of liquid crystal display panels to focus on premium organic light-emitting diode, or OLED, panels, a market they currently dominate.

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