The Korea Times reports that LG Display is calling for a new industry organization to boost its OLED business.

As most AVS members know, OLED (organic light-emitting diode) flat-panel technology is supposed to offer the ultimate in picture quality, providing virtually infinite black and exceptional color while avoiding many of the inherent limitations of LCD. However, OLED TVs have been slow to enter the marketplace, and they are far more expensive than their LCD brethren—not to mention that current models seem to have some flaws of their own,  as this lively thread discusses in detail .

Another problem is that most of the well-known TV manufacturers have pulled away from OLED development to concentrate on UHD/4K  LCD TVs . In fact, the only company with any real emphasis on OLED TVs is LG, which—not surprisingly—gets its panels from LG Display, a separate but financially related company that builds raw LCD and OLED panels and sells them to LG Electronics (and others) to make into finished TVs.

According to  a recent article in the Korea Times , LG Display wants to establish an OLED Alliance to boost its OLED-panel business. The article quotes LG Display CEO Han Sang-beom as saying, "We are in talks with companies from China, Japan, and the United States to create an OLED Alliance." However, he gave no details.

The article goes on to sat that " Sony  and Panasonic of Japan are new entrants that have teamed up with LG in the large-sized OLED business." Meanwhile, Samsung is concentrating on smaller OLED panels for smartphones and tablets.

Of course, this might be nothing more than a bid to get more TV makers to buy LG Display OLED panels. As if to prove the point, AVS member 8mile13 hipped me to  a thread he started right after CES about Panasonic OLED TVs . In that thread, he links to  another article from the Korea Times  that says, among other things, "LG Display recently began shipping OLED displays to Japan's  Panasonic ."

Even if that is LG Display's motive, it would likely encourage the company to increase its OLED yield—which I've heard on good authority is currently around 70%—and push prices lower. At the same time, it would lead to improvements in performance as TV makers compete to address the processing problems seen in LG's first- and second-generation OLED TVs. The end result could well be what we all hope for—the best flat-panel TVs ever at prices that most of us can afford.