"The good news is that we've reached a bottom," he told reporters at a news conference late on Friday for release on Sunday.LG also announced it will invest 577 billion won (approx. $427 million) in a new production line for premium LCD screens for mobile devices. These panels will use LTPS (low temperature polysilicon) technology to produce higher-quality pictures.
"TV panel prices will likely stop the downward trend and recover," Kwon said, adding demand is healthy for low-priced, small-size LCD sets that replace cathode ray tube models.
"Consumers are finding a flat-screen TV is worth the money if there were ever to spend on electronics goods, rather than, say, home appliances."
LG: LCD prices have hit a bottom
Posted on Tuesday, January 20 2009 @ 16:13 CET by Thomas De Maesschalck