LG announced that in order to improve itstechnological competitiveness and lay the foundation for growth, it plans toinvest KRW 1.26 trillion (approximately USD 911 million / RMB 6.552 billion) inthe field of new OLED technology to create differentiated OLED technology toensure its leadership position in the display market. This is also LG's firstdomestic investment activity since selling its LCD factory in Guangzhou, China.

This investment will focus on thedevelopment of infrastructure, including facilities that apply next-generationOLED technology, for a period of about two years, from June 17, 2025, to June30, 2027. This investment is part of LG Display's medium- to long-term capitalexpenditure (CAPEX) plan, which focuses on investments in facilities related tonext-generation OLED technology centered in the Pocheon Park in South Korea, inorder to actively respond to the growth of OLED demand in the global displaymarket.

LG's strategy is to focus on investing inthe development of high-end products, continue to provide differentiatedcustomer value, and expand the gap with competitors in the growing OLED market.This approach was chosen mainly based on LG's assessment that, with thedevelopment of technology, the demand for high-performance high-end OLED isincreasing. The investment decision was made after thorough verification andpreparation of stable technical development, large-scale production systems,and market demand, in order to ensure future growth momentum and improveprofitability.

In addition to involving large-scale directinvestment in facilities, it will also generate indirect economic effectsthrough cooperation with small and medium-sized partner enterprises, which willhave a positive impact on the economy of the Gyeonggi-do region, includingPocheon, and contribute to the recovery of the national economy of South Korea.