Merck will invest 20 million euros at Pyeongtaek City and the adjacent Gyeonggi Province to expand its organic light emitting diode (OLED) material facitlies there.
Merck will expand its sublimation purification facility at its OLED material factory in Pyeongtaek.
Purification of OLED materials is a core process that decides the performance and longevity of OLED devices.
Merck will be able to meet the demand from South Korean customers Samsung Display and LG Display through the expansion.
High purity OLED materials is becoming more important from new OLED display panels, from foldable, rollable and other emerging form factors.