MiCo Ceramics to buy idle LG Display plant for KRW150 billion

South Korean semiconductor equipment component maker MiCo Ceramics will acquire an idle LG Display facility in Gumi for KRW150 billion (about US$113.2 million) to expand production capacity.

• Deal value is KRW150 billion, roughly US$113.2 million
• Buyer is semiconductor equipment component maker MiCo Ceramics
• The Gumi site in North Gyeongsang Province was idle at LG Display