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Samsung Display to invest $3.1 bln in OLED production in South Korea

The investment is part of a previously-announced plan
A view shows Samsung Electronics’ chip production plant at Pyeongtaek, South Korea, in this handout picture obtained by Reuters on September 7, 2022. Rueters
A view shows Samsung Electronics’ chip production plant at Pyeongtaek, South Korea, in this handout picture obtained by Reuters on September 7, 2022. Rueters

SEOUL: Samsung Electronics’ (005930.KS) unit Samsung Display plans to invest 4.1 trillion won ($3.14 billion) until 2026 in Asan, South Korea to make advanced organic light-emitting diode (OLED) display panels used in tablets and computers, the trade ministry said on Tuesday.

The investment is part of a previously-announced plan by Samsung Electronics and affiliates to invest 60.1 trillion won in the next 10 years in regions outside the capital, Seoul.

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