[Asia Economy Reporter Suyeon Woo] On the 29th, LG Electronics stated during its Q1 earnings conference call that "With the spread of the home economy trend, demand for displays has increased, causing LCD panel prices to rise sharply, which is also intensifying the increase in TV production costs. We plan to maintain stable profitability by expanding the sales proportion of OLED and NanoCell, similar to the first quarter."
They added, "The sales proportion of OLED TVs is rapidly expanding, increasing by 8 to 10 percentage points compared to the previous year."
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