Samsung Display decided to shut down its L5 Gen-5 LCD line in Cheonan. The company is now seeking buyers for the LCD production equipment. The L5 line was built in 2002 to make small and medium sized LCDs. Last year SDC closed down a Gen-4 LCD line in the same site (and sold the equipment to china's Truly).
It is becoming more and more difficult to profit from LCD production - especially using outdated production lines. Sources from the industry say that Samsung will convert the L5 production site to OLED production - and some even suggest that the new OLED line at the L5 site will be dedicated to make flexible OLEDs for Apple - to be used in future Watch and iPhone products.
LGD already made the decision to focus on OLEDs as the next generation display technology - for OLED TVs, but also for small and medium displays. It may be that this latest move is a sign that Samsung is also moving towards its OLED-focused future.