At the K-Display industry conference, LG Display CEO Jeong Ho-young stated that although the display panel market is currently difficult, there is still a direction for growth. LG Display plans to accelerate its transition to OLED and look for new opportunities in the smartphone and metaverse fields. At the same time, he also stated that the company expects OLED panel penetration in IT products to grow fivefold in the next five years, becoming the main solution for the smartphone and TV display panel markets. LG Display will announce its plans for the eighth generation OLED product later on.
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