LG Electronics Inc. is in negotiations to sell off its OLED business line to its display panel joint venture LG.Philips LCD Co., Ltd., a senior LG executive said during presentations on the company's second quarter earnings.

LG Electronics currently operates two PM-OLED production lines in Gumi, South Korea, with a combined annual production capacity of 2 to 3 million PM-OLED display units for use in mobile phones. Since 1999, the company has invested a total of Won 200 billion (about $208 million) in its OLED business, according to LG.


If the deal goes through, LG.Philips is expected to begin mass production of AM-OLED during the fourth quarter of this year.

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