We have abundant cash, so we have room to increase our capital spending for the active-matrix organic light-emitting diodes (AM OLED) business,’’ CEO Kwon Young-soo said in a telephone interview with The Korea Times, Friday.

According to analysts, LG Display will reap at least 3 trillion won in operating profits this year thanks to the global market boom for flat-screen television sets.

``We are still watching the market to seek a proper time to implement decisive action,’’ Kwon said. He, however, declined to give detailed financial figure.

Until earlier last month, the company was negative about the mass-production of AM OLED.

The AM OLED industry will see rapid growth over the next few years, with global panel revenue rising more than 36 percent annually from 2007 to 2013, according to iSuppli, a market research firm.
Korea Times