Bloomberg posted an interesting story regarding LG's entry into the small/medium OLED market. LG's CEO, Han Sang Beom, is quoted saying that LGD intends to expedite its investments towards OLED production.
Han admits that LG Display is a "late comer" to this market (at least compared to Samsung Display) but as OLED is expected to go "mainstream" in the next few years (mostly following Apple's decision to adopt the technology in future iPhones) LGD has got to focus more on OLEDs. Han says that it is "undeniable that flexible OLEDs are now the mega-trend in the mobile segment".
LG still relies on LCDs "for the time being" as OLED revenue is still limited, and LG does not think about "giving up on LCD". However LG are "considering gradually closing the older generation fabs".
Last week LGD started to install equipment in its E5 flexible OLED line in Paju, South Korea. In July 2015, LG Display announced it is going to invest $900 million to build this new 6-Gen flexible OLED fab. The E5 flexible OLED line will have a capacity of 7,500 monthly substrates - or 1.5 million 5.5" panels. The new fab is scheduled to begin mass production in the first half of 2017.