LG 55-inch OLED TV in May 2012

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.