LG Display Sees OLED Profit as Talks Continue With Sony

LG Display Co. expects its next-generation TV technology to turn a profit in 2015 as production costs fall and talks to supply Sony Corp., Panasonic Corp. and Chinese set makers continue.

Lower manufacturing costs will help reduce prices and end losses in the organic light-emitting diode, or OLED, TV division by the fourth quarter, David Choi, senior vice president of LG Display’s strategy marketing group, said in an interview yesterday in Seoul without providing a specific forecast. The business lost about 550 billion won ($532 million) last year, according to Hana Daetoo Securities Co. estimates, with prices for a 55-inch set reaching $10,000.