Display Industry: "Display Must Be Included in the Special Tax Treatment Act's National Strategic Technologies"

The Second Display Development Strategy Council Meeting Held Following April

[Asia Economy Reporter Park Sun-mi] There are growing calls to 반드시 include display technology in the National Strategic Technologies under the Restriction of Special Taxation Act to promote investment activation.

The Korea Display Industry Association announced on the 26th that it held a display development strategy council to discuss the direction and business strategies for the Korean display industry. The council consists of 10 members from industry, academia, and research sectors, including panel and materials, parts, and equipment (SoBuJang) companies, academia, and research institutes. It serves as a two-way communication channel between the private sector and the government, discussing display development plans and challenges.

At this council, discussions were held on the industry's future business strategies and challenges in line with the government's display industry promotion policies. The panel industry presented plans for expanding the OLED market and creating new markets such as the metaverse based on advanced technology, while the SoBuJang industry shared technology development plans for innovative materials and equipment needed for next-generation displays. Both panel and SoBuJang sectors emphasized the need for expanded government support to activate investment, along with discussions on securing talented personnel and regulations on chemical substance use.

Additionally, opinions from the display process core unit (parts) council held last month and the kickoff meeting of the inorganic light-emitting display preliminary feasibility study (YeTa) general planning committee were also shared.

Furthermore, the equipment parts industry raised the need to foster a cooperative atmosphere to expand the adoption of domestically produced products and to increase support for parts performance evaluation. The YeTa general committee agreed on the urgency of technology development for the world's first mass production of inorganic light-emitting displays and the establishment of an independent supply chain.

Lee Dong-wook, Vice Chairman of the Korea Display Industry Association, stated, "Additional government policies to activate investment are necessary for companies to proactively expand their investments. Since display technology has a significant impact on the national economy and greatly influences the domestic SoBuJang ecosystem, display must be 반드시 included in the National Strategic Technologies under the Restriction of Special Taxation Act to promote corporate investment activation."

This content was produced with the assistance of AI translation services.