LG is getting out of plasma TVs too, expect an official announcement soon

On the B-side of LG’s announcement that it will start selling two 4K OLED TVs, is the bad news for plasma. Korean papers Yonhap News and The Korea Times report home entertainment division lead Ha Hyun-hwoi’s comments that the company will end production of plasma TVs soon. According to Ha, LG is conducting an internal study to decide when it will end plasma production — not a bad run after rumors said it would shut down in 2008 and 2009 — and will make an official announcement on the issue soon. LG is the last major brand making plasmas after Samsung announced its exit earlier this year, and Yonhap says that once LG shuts down, China’s Changhong Electric Co. (the same company once on the receiving end of $1 billion worth of stolen plasma tech from LG) will be the only major manufacturer left in the game. If you don’t love LCDs and you’re not ready to drop $3,500 on a 55-inch OLED, it may be time to grab one of the few remaining plasmas and ride that out for the next few years.

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Source: Yonhap News, The Korea Times

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