LG forms new dedicated OLED division

LG has refocused on bringing OLED screens to market, forming a dedicated division exclusively focused on the display format.

LG Display, the display-panel making affiliate of LG Electronics, has formed a new OLED division that will exclusively focus on commercializing its namesake technology, the company said.

The South Korean tech giant has been vocal about its ambition to lead in OLED TVs and said it was unafraid to be left the sole vendor of the technology. Arch-rival Samsung has opted for QD LCD technology on its TVs for next year, citing low demand for OLED, while LG is expected to release more OLED TV models in 2015.

LG's new division is to be headed by the company's CTO Yeo Sang-deog, who was recently promoted to president from executive vice president for his contribution in securing LG's OLED leadership and expanding client base in TVs and mobile.

All OLED related projects will come under the umbrella of the new division. A new department to manage OLED buying clients has also been formed.

"We've created the new division to create synergy by gathering all the hitherto scattered OLED-related departments into one," a LG Display spokesman said. 

LG is also set to quadruple OLED panel production this month in an effort to bring down the price of OLED TVs, making them a more attractive option to consumers. The company's 55-inch OLED TV currently costs almost 3 million won ($2,765).

The South Korean tech giant is also hard at work to minimize burn-in effects, one of the biggest detractors to the touted technology, in which some images are left "stuck" on the screen when on-screen for long stretches. LG said already commercialized products don't have the problem and that researchers were working to permanently solve the issue.

source

Top Keywords

10 best low-cost smartphones 10 of the best Android clock widgets out there 24k Samsung Galaxy Note 4 hits Vietnam 4K 5 best Android racing games Acer Alcatel Amazon Amazon Fire Phone Amazon Fire Phone Review Android Android 5.0 Lollipop Android factory reset Android One Android Wear Angry Birds apple Apple A8 Apple iPad Apple iPad Air 2 Apple iPad mini 3 apple iphone Apple iPhone 5s apple iphone 6 Apple iWatch Apple Pay Apple Watch Apple’s iCloud Asus ASUS MeMO Pad 8 ME181C Review Asus ZenFone Asus ZenFone 5 Asus ZenFone 6 Asus ZenWatch best Samsung Galaxy Note 4 cases BlackBerry BlackBerry Classic BlackBerry Passport Car and girls cases for iPhone 5s and iPhone 5 CEO Mark Zuckerberg CEO Tim Cook Computer costs $2000 Cyber Monday Deals 2014 Dell Dropbox Facebook FBI Flappy Bird Galaxy Note 4 Galaxy Note Edge Galaxy S Duos 3 Gigabyte Gionee Gionee Elife S5.1 Google Google Maps Google Maps with Apple Maps Google Nexus 6 Google Play hp HTC HTC Desire 820 HTC Desire Eye HTC One (M8) HTC One M9 Huawei Huawei Ascend P7 Huawei IFA teaser Intel iOS iPad iphone iPhone 6 iPhone 6 Plus iPhone 6s iPhone 8 concept iPod IT iWatch Keyboards Kia Lamborghini Laptops Lenovo Lenovo Vibe X2 LG LG G Watch LG G Watch R LG G3 Linux LTE MacBook Air Meizu Meizu K52 Meizu MX 4 Meizu MX 4 Pro Meizu MX4 Pro memory Microsoft Microsoft Lumia 535 Microsoft Office Microsoft’s Quantum Mechanics MOTA SmartRing Moto G Moto X Moto X+1 Motorola Motorola Droid Turbo Motorola Moto 360 Motorola Moto G New Find My iPhone New iPhone 6 New iPhone app Steller mixes photos News Nexus Nexus 10 Nexus 5 Nexus 6 Nexus 7 Nexus 9 Nexus X Nokia Nokia Lumia 1020 Nokia Lumia 920 NoPhones Nubia 5S mini Nvidia Maxwell GPU Benchmarked Office 365 Olloclip for Samsung Galaxy S5 OnePlus Opera Oppo others Phones with the best battery life PlayStation Qualcomm Range Rover Review Samsung Samsung Electronics Samsung Galaxy A3 Samsung Galaxy A5 Samsung Galaxy Alpha Samsung Galaxy Alpha A3 Samsung Galaxy Alpha A5 Samsung Galaxy Alpha review Samsung Galaxy Core Prime Samsung Galaxy Mega 2 Samsung Galaxy Note 4 Samsung Galaxy S5 Samsung Galaxy S5 review Samsung Galaxy S6 Samsung Galaxy Tab Active Samsung Gear Blink Samsung Gear VR Sharp Smartphones SmartWatch softwave Sony Sony Z3 Compact Sony Xperia C3 Sony Xperia C3 hands-on Sony Xperia SP Sony Xperia Z2 Sony Xperia Z3 Sony Xperia Z4 Sony Z3 Compact Sony's Xperia series Steve Jobs Tablets the best battery life The Crew Toshiba Toshiba Encore Toshiba Encore Mini Toshiba TT301 TV Twitter Twitter remembers Windows Phone UFS VAIO Video videos and text Vivo Vivo X5 Max WhatsApp Wikipedia Win one of five new LG G3s Windows Windows 10 Windows 9 Windows Phones WP8 Lumia Xiaomi xperia SP Yahoo ZenWatch ZTE ZTE Nubia Z9