LG Display CEO Kwon Yong-soo announces the company will launch a 55" OLED TV by Q2 2012.

Currently OLED (organic light-emitting diode) displays come in either small and medium sizes for use in tablets and mobile devices-- a field LG Displays will invest no longer in, as it will put the technology into larger uses instead.

The company also has a 31" OLED display in the works, previously announced at CES 2011.

TV panels make around 50% of LG Displays' sales, a sector going through intense pressure and oversupply issues, thus its need for a premium product-- something large-screen OLED displays cound supply.

Go LG