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Samsung , LG jointly invest in a Japanese OLED startup

Collected: 2016.04.12

Distributed: 2016.04.14

Source: Go Direct

Samsung Display Co. and its biggest rival LG Display Co. jointly invested about 1.5 billion yen ($13.9 million) in Kyulux Inc., a Japan-based organic light-emitting diode (OLED) startup, along with Japan Display Inc. and JOLED.

According to the industry on Monday, Samsung Venture Investment Corp., an investment arm of Samsung Group, led the investment in the latest venture funding round for Kyulux, a Japanese lighting technology startup founded last year based on more than 50 OLED-related patents transferred to the firm from Kyushu University. It holds major patents related to the next-generation OLED technology, so-called thermally activated delayed fluorescence (TADF).

TADF technology is known to help cut manufacturing costs by a tenth by ensuring OLEDs to emit colors without using rare earth metals such as Iridium and saving energy consumption.

By Lee Seung hoon

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