27-07-2016 03:08 via news.yahoo.com

LG Display guides for earnings recovery after second-quarter slump

By Se Young Lee SEOUL (Reuters) - South Korea's LG Display Co Ltd on Wednesday guided for a second-half earnings recovery, signaling a pickup for the struggling panel industry as clients prepare to launch new gadgets such as smartphones. The firm also unveiled plans to invest 1.99 trillion won ($1.75 billion) to boost production of organic light-emitting diode screens for mobile devices, as smartphone makers increasingly adopt the next-generation technology. "Overall profitability in the second
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