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Display's latest decision to make new OLED investments.

May 12, 2017 17:40|May 12, 2017 17:40
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OnMay 11, AP System, a specialist in manufacturing of OLED equipment, closed at56,600 won in the KOSDAQ market, up 9.06 percent or 4,700 won from the previousday. During the intra-trading session, AP System touched a one-year high at57,000 won.

Semiconductorequipment makers such as SFA, Tera Semicon, and Jastech, also rose 8.51percent, 6.80 percent and 2.58 percent, respectively, hitting their 52-weekhigh.

OLEDmaterials producers Samsung SDI and DS Neolux also jumped 6.01 percent and 3.90percent, respectively, reaching a new one-year high.

Analystssaid that the share prices of these companies surged after Samsung Displayannounced plans to build a new flexible OLED production plant in the No. 2complex of the Display City in Asan in South Chungcheong Province. SamsungDisplay is expected to make an investment of 13-16 trillion won to build thenew OLED plant.