South Korean tech giants Samsung and LG Display demonstrate their cutting-edge OLED technology at the annual K-Display exhibition in 2025.
OLED Technology Shines at K-Display 2025 in Seoul
The world of displays, particularly in smartphones, is witnessing a steady market growth with promising future prospects, as evidenced by the recent K-Display 2025 Korea Display Exhibition held in Gangnam District, southern Seoul on Aug. 7.
At the event, LG Display showcased its latest OLED technology, including a transparent OLED display and an automotive display. The company also set up an OLED Heritage exhibition zone to celebrate the history and evolution of OLED technology. However, LG Display did not conduct a folding test on a foldable phone inside the exhibition zone.
Meanwhile, Samsung Display showcased its OLEDoS product at the event. The company is known for its leadership in high-end smartphone OLED production, focusing on increasing yields and efficiency of tandem OLED structures to support longer device lifespans and brighter displays.
In a significant development, China's BOE was reported to have the capability to produce up to 100 million iPhone OLED panels per year. This expansion in production capacity is a key driver for the growth of the global OLED market.
The global OLED evaporation materials market, critical for OLED panel production, is projected to grow at a compound annual growth rate (CAGR) of around 7% between 2024 and 2029, reaching approximately $28 billion by 2029. This growth is spurred by strong utilization rates and capacity expansion of OLED production lines in China, increased OLED adoption in various sectors, and advances in OLED stack structures.
The K-Display 2025 Korea Display Exhibition was attended by First Vice Minister of Trade, Industry and Energy Moon Shin-hak, and the OLED Heritage exhibition zone was part of the events happening on Aug. 7 at the exhibition.
LG Display's investment of 700 billion won in OLED facility and $922 million in next-generation OLED technology is a testament to the company's commitment to the advancement of OLED technology. The company is aggressively expanding its OLED TV shipments and focusing on IT and smartphone OLED panels with multi-stack WOLED technology for improved color and lifespan, planning substantial shipment growth through 2028.
The trend toward more complex and efficient OLED stacks and growing adoption in IT and automotive sectors indicates a robust growth trajectory well into the late 2020s, making OLED the dominant and evolving display technology for smartphones.
[1] [Source] [2] [Source] [3] [Source] [4] [Source] [5] [Source]
[1] The government, recognizing the importance of industry advancements, was present at the K-Display 2025 Korea Display Exhibition, with First Vice Minister of Trade, Industry and Energy Moon Shin-hak in attendance.
[2] As data-and-cloud-computing becomes increasingly integral to business operations, the global OLED evaporation materials market is projected to grow significantly, reaching approximately $28 billion by 2029, driven by strong utilization rates and capacity expansion of OLED production lines in China.
[3] Amidst the competitive landscape of the technology industry, companies like LG Display are investing heavily in the development of next-generation OLED technology, such as multi-stack WOLED for improved color and lifespan, aiming for substantial growth in OLED TV shipments and IT and smartphone panel production through 2028.
