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THE INVESTOR]
LG Display said on July 26 that it is considering various options to fund its investments to beef up competitiveness in OLED panels.
“While funds for investment, in principle, should be raised from businesses, they should also come in a timely manner,” the company said during a conference call with investors.
The remark came after LG Display said it will invest 7.8 trillion won (US$6.90 billion) to build facilities for the production of OLED panels.
Of the amount, the company said 2.8 trillion won will be spent on the 10.5-generation OLED panel production line, while 5 trillion won will be allocated for the mid-sized Plastic OLED products.
Following the latest decision, the company said its capital spending throughout 2020 will reach a whopping 15 trillion won.
LG Display said the investment was aimed at taking pre-emptive steps for its future growth. Other options also include joining ties with partners, including China‘s Guangzhou, it added.
By Alex Lee and newswires (
alexlee@heraldcorp.com)