Thu Sep 19 05:44:58 UTC 2024: ## South Korean OLED Panel Makers Set for Rebound Despite Short-Term Dip
**SEOUL, SOUTH KOREA -** Despite a 7.8% year-over-year decline in electroluminescent material procurement in the first half of 2024, South Korean OLED panel manufacturers are optimistic about a strong recovery.
The slump is attributed to a slowdown in smartphone sales, but the outlook remains positive due to increasing demand for IT device panels and the upcoming production of the iPhone 16.
Analysts predict that the launch of the new iPhone model will drive significant growth in OLED panel demand, particularly for high-resolution and foldable displays. Furthermore, the rising popularity of laptops, tablets, and other devices with OLED screens is expected to further fuel the industry’s recovery.
This positive trend is likely to benefit major South Korean OLED panel makers, including Samsung Display and LG Display, who are expected to see increased production and revenue in the coming months.
First Piper 