According to Korean media Business Korea, LG Display will launch LG Chem's OLED lighting business and plans to focus on OLED lighting as the company's next growth engine.

An official of LG Display Company stated that the company officially received OLED lighting business sold by LG Chem on December 16th. Previously, LG Display successfully acquired LG Chem's OLED lighting business unit at a price of 160 billion won (approximately US$142 million), and transactions related to patents, human resources, and Ochang manufacturing plants have also been completed.

As early as 2012, LG Chemical welcomed the challenge of capturing the TV display material market, and LG Chemicals transferred its OLED panel business to LG Display. The group commented that LG Display, as a leader in the group's OLED business, is able to more efficiently operate its OLED lighting business than LG Chemicals, which focuses on petrochemicals and secondary batteries.

LG Display will expand its previous business areas, supply OLED panel components for TVs and mobile products, and tap into the lighting sector to create synergy and strengthen OLED total solutions.

On January 16, 2018, UIV CHEM joined hands with LG Heavy Gold to create an OLED lighting showroom. The new generation of healthy and stylish OLED lighting that subverts LED technology entered Shanghai to demonstrate the application of OLED lighting technology. UIV CHEM OLED Lighting Hall is more than 160 square meters. It fully utilizes OLED panels that are ultra-thin, flexible, light source, uniform, no heat, no glare, no ultraviolet rays, no blue light hazard, high visibility, very close sunlight and many other Human- The characteristic of Friendly adds new vitality to the modern style. Whether it is a simple track lighting solution or a transparent solution for embedded furniture, all panel application solutions are presented in the exhibition hall. The entire exhibition hall follows the modern and simple design concept of black-and-white ash base color. The fusion of marble texture, steel and mirrors are skillfully used to create a warm and luxurious space atmosphere with lights. The opening of the Shanghai showroom of UIV CHEM OLED lighting has strengthened the application development of OLED lighting in the Chinese market, aiming to make it a foothold in the Chinese market, serving more architectural designers and consumer customers, allowing more people to experience OLED lighting brings a healthy and beautiful life.