LG Display centralizes all their OLED business under a new division
LG Display established a new OLED division, to handle all its OLED development and production efforts under one organization. This new division, which will be led by LGD's CTO, Yeo Sang-deog, will also manage OLED panel marketing and sales.
At this stage, LG Display is mostly focused on OLED TV panel production and flexible OLED development. LGD's OLED TV panel sales increased 20X in 2014 compared to 2013, and with the upcoming M2 production fab which should start operation any day now, OLED TV capacity is expected to quadruple in 2015.