According to the report, LG Display has started to expand its module plant in Vietnam to meet market demand due to the panel production and related work that must be done at the module factories, including a $ 600 million debt financing , And a capital increase of 500 million U.S. dollars. Taking into account the uncertainty of the regulatory review unit in South Korea, the plan will be phased in gradually in four years.
In July 2017, LG Display has proposed to the South Korean government that it is planning to build the first OLED panel plant in China worth 5 trillion won, and since South Korea's OLED panel technology is one of government-subsidized technologies, any overseas plant plan must Apply to the government and get permission before proceeding.
LG Display plans to set up its first overseas OLED factory in China due to the South Korean government's question that it may have been stolen by its competitors for several months without approval. LG Display fears that surge in market demand and fierce competition may result in the loss of OLED factories Great investment opportunities in the case, decided to start the expansion plan of the factory in Vietnam.
For the above report, LG Display pointed out that the Vietnamese factory expansion and planned factories in China do not conflict, because the Chinese market in the future will focus on larger OLED TV panel production.However, there are also rumors LG Display Vietnam expansion of the module factory is for China Regardless of what the outside world says, South Korea's government will decide this month whether to approve LG Display's plant in China to confirm all the plans.