In October 2015, LG Chem announced that it has sold its OLED lighting business to LG Display, for $135 million USD, and the deal was finalized towards the end of 2015.
LG decided to consolidate all OLED production under LG Display - which will hopefully enable LG to advance OLED lighting more quickly - and at a lower cost. LG Chem has been discussing a Gen-5 OLED lighting production line since 2012, and the before the merger the company had plans to construct a new $185 million production line for OLED lighting by 2017.
