The South Korean Ministry of Trade, Industry and Energy, along with the Korean news agency Yohap, report that the government will invest 484 billion won (nearly 300 million euros) by 2032 to develop various LED display technologies.
South Korea wants to catch up on LEDs££££
Specifically, the money will be used to support Micro LED display processes and QDEL (the latter is also known as NanoLED, see our CES 23 news > NanoLED display, or self-emissive QLED, Nanosys presented at CES 2023) in addition to ensuring the sustainability of the country's industrial ecosystem.
The government, which uses the umbrella term "iLED" (inorganic LED) to encompass these technologies, explains that while South Korea is a leader in the OLED market and technology, it remains behind in iLED. Indeed, the country currently relies mainly on China for LED manufacturing components and materials.
The value of the iLED market is expected to grow from $1 billion today to $32 billion by 2035.
