Cita:According to multiple reports, including Reuters, the firm said the reason for the shutdown was a decline in overall demand for plasma TVs. A company statement says it will concentrate resources on its energy and materials business.

"We plan to continue our PDP TV business until the end of this year, due to changes in market demands. We remain committed to providing consumers with products that meet their needs, and will increase our focus on growth opportunities in UHD TV's and Curved TV's."