Introduction to Government Investment
The Ministry of Trade, Industry and Energy (MTIE) of South Korea has announced an investment of 38.7 billion KRW (approximately $29.35 million or ¥193 million) to establish awards aimed at supporting the country’s display industry, ensuring it maintains a competitive edge globally.
Focus on Key Display Technologies
The primary goal of this new initiative is to promote the development of OLED, Micro LED, and AR/VR display technologies within South Korea. The program will support a wide range of entities, including small and medium-sized enterprises, large corporations, universities, and research institutions.
The government has confirmed that 40 R&D projects have been selected for funding, covering a variety of fields such as OLED technology, AR/VR technology, Micro displays, and Lightfield OLED displays. The research projects are scheduled to take place over 1 to 4 years, with the aim of pushing forward advancements in these cutting-edge technologies.
Investment in Micro LED and AR Displays
Notably, the Korea Institute for Advancement of Technology (KIAT) and the Korea Display Industry Association (KDIA) have also revealed plans to invest 18 billion KRW (approximately $13.9 million or ¥90.54 million) to promote 17 projects focused on the development of inorganic light-emitting displays and the establishment of an ecosystem for these technologies. These projects will mainly involve the development of Micro LED technology and AR microdisplay applications. For more details, please click here.
Conclusion: South Korea’s Commitment to Technological Leadership
South Korea’s proactive investment in these advanced display technologies, including Micro LED, underscores the country’s commitment to remaining a global leader in the display industry. The combination of government funding and strategic R&D initiatives is expected to accelerate the development and commercialization of cutting-edge technologies, further enhancing South Korea’s competitive position on the world stage.
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