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LG Display to spend 833 bln won for smartphone panels

SEOUL, Aug. 30 (Yonhap) -- LG Display Co., a South Korean panel maker, said Friday that it plans to spend a total of 833 billion won (US$752 million) to expand its facilities in the country to meet the growing demand for liquid crystal display (LDC) panels used for smartphones.

In a statement, LG Display said the investment will be for the establishment of a production line in Gumi, 261 kilometers southeast of Seoul, for the sixth-generation LCD panels.

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