LG OLED HDTVs are still far from having entered the mainstream to be. Now, however, the Korean electronics giant LG is planning to invest nearly 490 million euros in new production facilities in Paju / South Korea. This is the OLED technology to be groomed for mass production. Currently, 55-inch OLED HDTV cost more than 10,000 euros. That is unlikely to change in the near future hopefully. For even if Apple’s Tim Cook thinks nothing of OLED. We believe in it. Read the PM after the break.

LG Display Announces Investment in New 8th generation OLED TV panel line

Seoul, Korea (February 18, 2013) – LG Display [NYSE: LPL, KRX: 034220], a leading innovator of display technology, announced today that it has decided to invest KRW 706 billion in a new 8th generation OLED TV panel manufacturing line 2.200 × 2.500 , to be installed at its P9 plans in Paju, South Korea.

The company plans to begin investment in the line, whichwill focus on WRGB OLED evaporation process, in the first quarter of 2013, with mass production scheduled for the first half of 2014 at a monthly capacity of 26.000 input sheets.

Leadership in the OLED Technology
With introduction of the world’s first 55-inch OLED TV in January 2013, LG Display has demostrated its position as a pioneer of the OLED TV era. The company moves a step ahead in the emerging OLED TV market through new investments with a strategy of providing differentiated value to customers.

Additionally, LG Display’s adoption of WRGB OLED technology addresses limitations inherent with large-sized OLED, seeking as productivity and lifespan issues.

Market Forecast
According to forecasts by research firm DisplaySearch, the OLED TV market will experience dramatic growth starting in 2014 to become a $ 3 billion market by the 2015th