Quick Take: South Korea Approves LG Display’s Plan for China Plant, But Asks for Tech Secrecy
The South Korean government has approved LG Display’s plan to build an organic light-emitting diode (OLED) plant in Guangzhou on the condition that the electronics giant be allowed to keep its technology a secret, a Korean government official told Caixin.
LG had announced in July its intention to build the $6.7 billion large-panel plant, but Seoul had refused to grant permission for the deal due to concerns that the OLED pioneer’s trade secrets could get leaked.
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