484 Billion KRW Invested Over 8 Years to Build Ecosystem
To enhance competitiveness in next-generation inorganic light-emitting displays (iLED), the domestic display industry has welcomed the preliminary feasibility study approval for the 'Inorganic Light-Emitting Display Technology Development and Ecosystem Establishment Project,' which involves an investment of 484 billion KRW.
On the 23rd, the Korea Display Industry Association stated, "The approved project, valued at 484 billion KRW (2025?2032), aims not only at securing breakthrough technologies, achieving supply chain independence, and capturing market share but also includes comprehensive support for ecosystem strengthening such as infrastructure development," adding, "It is expected to play a pivotal role in the full-scale launch of inorganic light-emitting displays."
The Display Industry Association explained, "The display market is accelerating its transition from LCD to OLED," and "Overseas panel companies are preparing for a new era beyond OLED by investing in new microLED display production lines based on collaborations with LED manufacturers to secure industrial leadership."
They continued, "To establish inorganic light-emitting displays as a leading industry led by Korea, an ecosystem encompassing technologies and products across all fields?from ultra-fine, high-efficiency pixels for cost and performance innovation to panels, modules, and materials, parts, and equipment?is necessary," adding, "Unlike competing countries that build supply chains through cooperation among domestic companies, Korea imports LED chips from China and Taiwan, leaving the supply chain ecosystem almost barren."
The display industry plans to leverage this preliminary feasibility study approval to foster the new industry. The Korea Display Industry Association said, "We launched the 'Inorganic Light-Emitting Display Subcommittee' last month to consolidate private sector opinions, nurture talent, secure standards, and expand the market early," and "we plan to actively promote multifaceted support for the success of the feasibility study project and industry development, including ecosystem analysis by major processes in the future."
Earlier, the Ministry of Trade, Industry and Energy announced at the National Research and Development Project Evaluation Committee meeting that the preliminary feasibility study for the 'Inorganic Light-Emitting Display Technology Development and Ecosystem Establishment Project' had passed. Through this project, the domestic industry will be supported to secure core technologies for inorganic light-emitting displays across the entire process cycle from pixels to panels and modules.
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