LG Display will be investing 900 billion won (US$802.75 million) to build a new production line for small and medium OLED displays, reported Korean newspaper DongA Ilbo.

LG 65-inch Class (64.5" Diagonal) UHD 4K Smart 3D Curved OLED TV w/ webOS™. (Photo Courtesy of LG)

The South Korea-based plant will be producing flexible OLED panels for smartphones and wearable products.

According to Reuters, a LG Display spokeswoman declined to comment at a separate South Korean stock exchange event on Monday.