Raising1 billion dollar LGD increases investment in small-sized OLED

LG Display signed an agreement with South Korea's public export credit agency and global banks to raise 1 billion dollar in investment funds to strengthen the competitiveness of small and medium-sized OLED and expand exports.

LG Display set up ANZ, HSBC, Citibank, Hongkong and Shanghai Banking Corporation and Spain's Caixa Bank, and is now able to obtain large-scale long-term funding from global financial institutions at competitive interest rates. In addition, the Export-Import Bank of Korea is involved in direct loans and guarantees.

Last year, LG Display decided to invest in production facilities at thePaju Factory (panel) and Vietnam Factory (module) to open up newmarkets and strengthen future growth engines by improving its competitiveness in the small and medium-sized OLED sector. Among the investments decided at that time, the funds raised this time will be used for the expansion of the OLED module line of the Vietnamfactory and the construction of infrastructure.