South Korea plans to invest 18 billion won to promote the research and development of MicroLED and other technologies

Recently, according to Korean media Etnews, on February 4, the Korea Industrial Technology Promotion Agency and the Korea Display Industry Association announced 17 R&D tasks for the "Inorganic Light-Emitting Display Technology Development and Ecosystem Construction Project". The total investment scale of the project is 18 billion won.

The main contents of the project research include: research and development of large-area chip manufacturing and ultra-high-speed transfer printing technology to reduce costs to 1/25 of the original; technology development for the productization of smart watches and extended reality devices; establishment of inorganic light-emitting display industry infrastructure, and the establishment of a special promotion team to lead the operation of the entire project, etc. The following are the specific contents of the 17 R&D tasks:

According to Etnews, inorganic luminescent display technology refers to display technology that uses inorganic materials such as micro/nano-scale light-emitting diodes and quantum dots as light-emitting sources.

Due to the use of inorganic materials, this technology has a longer service life and has significant advantages in terms of brightness and energy consumption. It is regarded as the next generation display technology after OLED.

It is reported that the South Korean government’s goal is to catch up with competitors such as China and Taiwan who have invested in this field earlier, and at the same time make up for the shortcomings of the local industrial chain. At present, South Korea still has considerable room for improvement in key ecological construction such as Micro LED-related materials, components, equipment, and pixel production capabilities.

It is worth noting that the "Tax Law Amendment" announced by the Ministry of Finance of South Korea on December 16 last year will also promote the development of South Korea's inorganic light-emitting display technology. The amendment adds "Micro LED epitaxy, transfer, packaging materials and equipment technology" as a national strategic technology, expands the R&D tax credit policy to small and medium-sized enterprises, and supports investment in R&D and commercialization facilities. Tax relief.