Display Association Establishes Collaboration Channel to Support XR Companies' Global Expansion

The Korea Display Industry Association announced on the 17th that it has signed a memorandum of understanding (MOU) for mutual cooperation with the global VRAR Association (VRARA) to establish a foothold for domestic extended reality (XR) companies to smoothly enter the global market.

To foster the domestic XR ecosystem, the association has built an ‘XR Industry Convergence Alliance’ since February this year with the semiconductor, optical components, electronics, and content industries, and has now established cooperation channels with global platform companies. VRARA has 4,400 member companies in the XR front-end industry sectors and operates business meetings, research groups by XR application markets, education, seminars, and exhibitions, enabling various forms of business cooperation.

At this MOU signing ceremony, both parties mutually agreed to promote activities to create business opportunities for domestic XR companies, including ▲exhibition cooperation such as joint pavilions, ▲invited presentations and IR meetings with global big tech companies at seminars and forums, ▲business connections between companies, ▲collaboration on technical standardization, ▲exploration of XR education and training services, and ▲exchange of XR market and related policy information. Additionally, referring to the 15 strategic technologies in the display and optical module fields proposed by the association’s ‘XR Display Industry Council’ last April, they agreed to seek international joint research between the two countries to secure breakthrough technologies.

XR devices are classified not only as consumer-grade devices targeting general consumers such as gaming and entertainment but also as customized devices specialized in the required performance for industrial and special uses, including medical, logistics, defense, and education applications. Following the ‘Metaverse Standards Forum’ formed in June last year by Meta, Google, and Microsoft, Apple formed the ‘Open USD Alliance’ with Pixar, Adobe, and others in August this year, marking the start of full-scale competition to secure dominance in the metaverse platform market. After Apple unveiled ‘Vision Pro’ in June, continuous releases of high-performance headsets are planned next year, including Samsung’s XR device in alliance with Google and Qualcomm, and XR devices from the Meta-LG alliance.

Lee Dong-wook, chairman of the Korea Display Industry Association, said, “This opportunity allows Korea to keep pace with China, where the XR ecosystem is already established, and move forward without falling behind.” He added, “Unlike existing TVs and mobiles, XR devices that open the new spatial computing era require the connection of multiple industries, so cooperation among companies is more important than anything else, necessitating joint technology development, information sharing, and market strategies.”

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