Seung-hwan Jeong and Ha’eun Bang, Maeil Business Newspaper:

South Korea’s tech major LG Electronics is set to launch the world’s first 55-inch OLED (organic light-emitting diode) TVs in May this year. Prices of the OLED TVs will be set at approx­i­mately nine mil­lion won ($7,928.91), and the OLED TV will be unveiled in Cannes, France where a movie pre­mier will be held. LG aims to take the lead in the OLED TV mar­ket by launch­ing OLED TVs ahead of its rivals.

Rivals? As in plural? Probably not. The only rival at the moment is Samsung. The two are using vastly dif­fer­ent OLED imple­men­ta­tions with Samsung using a typ­i­cal RGB OLED struc­ture and LG using WOLED. US$8000 is a lot of money for a 55-inch OLED TV, but I thought it would have been more expensive.