July 6, 2015 / 12:15 AM / 4 years ago

LG Display says considering OLED display investment

The LG company logo is seen following an event during the annual Consumer Electronics Show (CES ) in Las Vegas, Nevada January 6, 2014. REUTERS/Robert Galbraith

SEOUL (Reuters) - South Korea’s LG Display Co Ltd is considering investments related to organic light-emitting diode display technology, the firm said on Monday, following a media report that it plans to spend up to 900 billion won ($800.04 million) for a new production plant.

LG Display, which supplies screens to Apple Inc and sister firm LG Electronics Inc, said in a regulatory filing that no decisions had been made about a potential investment.

South Korea’s DongA Ilbo reported on Monday that LG Display would invest up to 900 billion won to build a new plant to make small-and-medium flexible OLED displays. The plant would be built in South Korea, the newspaper said.

Reporting by Se Young Lee; Editing by Clarence Fernandez

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