It has reportedly started to equip one of its display factory facilities in Gumi with tools for producing a 6th-gen OLED flexible displays in mass quantities, and has moved the foldable phones project from the R&D to the development department in the company. Moreover, there are contracts signed with IGNIS Innovation, a Canadian company that can make flexible display circuitry.
In fact, the CEO of IGNIS has already chimed in an interview before that "People are going to witness foldable smartphones that can become tablets when they are spread open within couple years." An industry source has also confirmed that the LG panels with plastic substrate "can be folded inside or outside.” LG is apparently reading to fire up on all cylinders in the first half of next year, right when Samsung is rumored to come up with its Project Valley foldable devices, so we can't wait to see what will MWC 2017 bring. The more competition in that realm, the better for us.