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ASAN, South Korea (AP) - The flat panel display market, hit by oversupply and price declines last year and into early 2007, seems to be improving faster than originally hoped, the head of a new grouping of South Korean flat panel display manufacturers said Wednesday.
"We initially expected that it would get better by the second half but it's actually getting better now, about a month or two earlier than we expected," said Lee Sang-wan, president of the Korea Display Industry Association.
Intense competition among manufacturers amid huge demand for products using panels, such as laptop computers, desktop monitors and flat screen televisions, have led to price declines. That has put panel makers under constant pressure to accurately read the market when planning new production.
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