The latest update regarding LG’s promised 15-inch OLED TV has the unit on store shelves this December, as it’s already apparently being produced, which would make good on earlier promises made by the electronics giant. LG’s OLED Sales and Marketing VP, Won Kim, said the TV has already been in production this summer. The first market for the screen will be LG’s home country of Korea, with a global launch expected soon thereafter.

LG claims a 30,000-hour lifespan for the display, which betters its only current rival, Sony’s now aging and smaller 11-inch XEL-1. At the same time, resolution is also promised to be better than the XEL-1’s 960x540. In the longer term, LG has vowed to bring 32-inch OLED TVs to market by 2012. [via OLED-Display]