Samsung Display to invest $3.1 billion in OLED production in South Korea
Samsung Display, a unit of Samsung Electronics, plans to invest 4.1 trillion won ($3.14 billion) until 2026 in Asan, South Korea, to manufacture advanced organic light-emitting diode (OLED) display panels used in tablets and computers, the Ministry of Commerce said on Tuesday. The investment is part of a previously announced plan by Samsung Electronics and its subsidiaries to invest 60.1 trillion won over the next 10 years in areas outside the capital Seoul. Meanwhile, smartphone sales in South Korea fell 6 percent last year from a year earlier due to…
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