June 25, 2024
The rise of OLED (Organic Light-Emitting Diode) technology has had a significant impact on the Korean LCD industry in recent years. Here's a more detailed overview:
Impact on Korean LCD industry:
OLED technology has been gradually displacing LCD technology, especially in high-end and premium display applications like smartphones, TVs, and laptops.
This has posed challenges for the dominant Korean LCD panel makers like Samsung Display and LG Display, as their LCD revenues and market shares have been declining.
In response, the Korean LCD giants have had to heavily invest in developing their own OLED panel manufacturing capabilities to remain competitive.
Samsung Display and LG Display are now leading global producers of OLED panels, helping offset the drop in their LCD business.
The shift to OLED has also required major retooling and capital expenditure by the Korean display makers to upgrade their fabrication facilities.