LG Group's Chairman Koo Bon-moo has decided that the company needs to fundamentally change the way it works. LG will implement a new company culture and will better judge its affiliate companies performance. Koo ban-moo also said that LG will devote its main resources to develop OLED TVs and displays - which he considers to be one of its future growth engines.
LG is set to release its first OLED TV, the 55" (the 55EM9600) in early 2013. The company is also planning to start mass producing plastic-based flexible OLED panels by the end of 2013.