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South Korea’s LG plans to increase capacity of OLED panels for TVs

South Korea’s LG plans to increase capacity of OLED panels for TVs

SEOUL: South Korea’s LG Exhibit Co Ltd plans to increment engenderment capacity of organic light-emitting diode (OLED) panels for TVs, seeking magnification in an incipient technology field that its rivals have dismissed as still too expensive to prosper.

On Tuesday, LG Exhibit verbalized it would more than quadruple the monthly engenderment capacity of OLED TV panels to 34,000 units by the year-end from 8,000 currently. The companies verbally express OLED is far superior to the mainstay liquid crystal exhibit technology, offering better picture quality as well as lower power consumption.

Costs are much higher, making OLED TVs an abundance of times more expensive than LCD sets. Samsung Electronics Co Ltd, the world’s most sizably voluminous TV manufacturer, has steered clear of OLED, verbally expressing the technology is not yare yet for mass consumption.

Analysts remain skeptical about OLED’s future, mainly due to price. LG Electronics’ 65-inch ultra high-definition OLED TV launched in South Korea last year was priced at 12 million won, more than three times the price of a commensurable LCD TV by the same company.

The technology is facile to implement and offers ameliorated picture quality at much a more frugal cost than OLED, offering TV makers a captivating alternative.