S.Korea relinquishes control to China in smaller OLED market

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S.Korea relinquishes control to China in smaller OLED market - Korea Economic Daily

Quick Summary:

FIERCE BATTLEFIELD TO DEFENDAt the current pace, Korean display makers could hand over control to Chinese peers in the global OLED market after Chinese players snatched the crown from Korean players in the liquid crystal display (LCD) panel market in 2021.

Chinese players’ fast catchup in the smaller OLED display market will throw cold water on money-losing Korean OLED makers’ efforts to regain strength amid growing signs of a recovery in large OLED panel demand.

China’s shipments of OLED panels for smartphones and tablet PCs accounted for 50.7% in the entire smaller OLED panel market in the January-June period, elbowing out Korean OLED panels with a 49.3% share, according to Cinno Research on Friday.