LG Display wins Beijing's nod to build OLED plant in China
All Headlines
17:16 July 10, 2018
SEOUL, July 10 (Yonhap) -- LG Display Co. said Tuesday it won approval to establish a venture that will set up an organic light-emitting diode (OLED) panel plant in China.
The company said the Chinese government approved the joint venture to build the OLED factory in Guangzhou.
The nod came roughly seven months after the South Korean government approved the plan amid concerns about technology leaks and lingering diplomatic tensions between Seoul and Beijing.
LG Display will establish a joint venture with Guangzhou Development District with a combined investment of roughly 5 trillion won (US$4.4 billion), with LG taking a 70-percent stake.
colin@yna.co.kr
(END)
Issue Keywords
Most Liked
Most Saved
-
1 
(LEAD) S. Korea to provide loans worth 100 tln won to innovative firms, SMEs
-
2 
Samsung to launch first 5G smartphone on April 5
-
3 
Five dead after car falls into sea on east coast
-
4 
White House: Earlier sanctions on N. Korea remain in place
-
5 
Actress Park Han-byul apologizes for husband's involvement in growing sex scandal
-
1 
(4th LD) N. Korean staff return to inter-Korean liaison office
-
2 
Trump was open to easing sanctions at Hanoi summit: N.K. official
-
3 
N.K. denounces Seoul over slow progress in implementing inter-Korean deals
-
4
(3rd LD) N. Korean staff return to inter-Korean liaison office
-
5
(2nd LD) Dozens of S. Korean officials head to joint liaison office after N. Korea's abrupt pullout
