SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday it will invest 1.99 trillion won ($1.75 billion) to build a new small- to medium-sized organic light-emitting diode (OLED) display production line in South Korea.
LG Display, in a regulatory filing, said the new production line seeks to address growing demand for flexible OLED displays.
Adoption of the next-generation technology in smartphones is expected to grow sharply in the years ahead amid reports that Apple Inc - LG Display's key customer - plans to start using the screens for its iPhones starting as early as 2017.
(Reporting by Se Young Lee)