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LG's 30-inch OLED Coming in Distant 2012

According to LG Display CEO Kwon Young-soo, the company plans to produce 30-inch organic light emitting diode (OLED) panels for TVs in 2012. The announcement is quite surprising considering that both Sony and Samsung have already expressed their intentions to produce mid-sized OLED displays possibly this year but no later than mid-2010; Samsung launched a new OLED-based mobile phone in South Korea just last month.

"The commercial success of OLEDs hinges on how it shows its superiority compared to existing liquid crystal display (LCD) technologies," Young-soo told reporters. "We will focus on TV panels rather than cell phone panels because the larger the display, the more efficient the OLED technology."

As reported by Trading Markets, Young-soo added that the company plans to hire 1,700 people this year for the research and development sector dedicated to OLED technology. Originally, LG planed to enter mass production of its 32-inch OLED TV in 2011, however those plans were made before the economy took a plunge. LG's 15-inch OLED TV hits store shelves this December.