'Extended Reality Optical Components Hub Center' to be Established in Anyang, Gyeonggi-do Early Next Year

Yeom Tae-young, Deputy Governor for Economy of Gyeonggi Province (center), is taking a commemorative photo after signing the 'XR Optical Components Business Agreement' between Anyang City and the Korea Photonics Technology Institute at the Gyeonggi Branch of the Korea Photonics Technology Institute on the 4th.

[Asia Economy (Suwon) = Reporter Lee Young-gyu] An 'Extended Reality Optical Components Hub Center' will be established in Anyang, Gyeonggi Province, early next year.

Gyeonggi Province announced on the 7th that it signed an 'Industrial Innovation Infrastructure Establishment (XR Optical Components) Project Business Agreement' with Anyang City and the Korea Photonics Technology Institute.

According to this agreement, the Korea Photonics Technology Institute will establish and operate a 513㎡ 'Extended Reality (XR) Optical Components Hub Center' early next year at the Knowledge Industry Service Center in Hogye-dong, Dongan-gu, Anyang City.

Gyeonggi Province and Anyang City will provide administrative and financial support to lay the technical support foundation for small and medium-sized enterprises related to photonic convergence in the province and promote the training of extended reality and optical specialists as well as the fostering of star companies.

The province will invest 10 billion KRW in national funds, 2.65 billion KRW in provincial funds, and 2.65 billion KRW in city funds over five years until 2026 to build the center.

The extended reality equipment market is a core future industry expected to replace smartphones within the next 10 years, showing a high global growth rate of 48.3% annually. However, due to the lack of a shared infrastructure supporting technology development and market entry for small-capital companies, the establishment of the center was promoted.

The province plans to solidify its position as the nation's largest advanced extended reality equipment industry hub by producing 600 extended reality and optical specialists over the next 10 years, increasing company attraction by 200%, and boosting corporate sales by 130%.

Shin Yong-jin, president of the Korea Photonics Technology Institute, explained, "The goal of this project is to establish a support system for small and medium venture companies based on world-class photonic convergence technology and the expertise of joint research institutions," adding, "We have laid the foundation for technology support to internalize core extended reality optical technologies and lead the global market."

Founded in 2001, the Korea Photonics Technology Institute is a specialized production technology research institute in the photonics field, responsible for research and development related to energy, environment, autonomous vehicles, and technical support for small and medium-sized enterprises and mid-sized companies.

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