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THE INVESTOR
September 23, 2018
Big Reunion

LG

Panel to review LG Display’s factory plan in China

  • PUBLISHED :November 29, 2017 - 16:17
  • UPDATED :November 29, 2017 - 16:17
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[THE INVESTOR] The Korean government said on Nov. 29 an expert panel will review LG Display’s plan to build an 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 (US$4.40 billion) 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 Nov. 30 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.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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