Fostering Carbon Materials, the "Rice of Future Industries"... Launching "Flagship Technology Development"

The Ministry of Trade, Industry and Energy announced on the 13th that it will launch the 'K-Carbon Flagship Technology Development Project' to support the development of carbon materials widely used in aerospace and defense, mobility, energy and environment, construction, and more.

Carbon materials such as carbon fiber and artificial graphite have countless applications ranging from everyday items like fishing rods to advanced strategic industries such as spacecraft and fuel cells, and are regarded as the "rice of future industries" that will replace traditional materials like steel.

Since 2022, the government has been promoting the carbon materials industry by establishing the 'Carbon Composite Competitiveness Enhancement Strategy.' In January last year, the 'K-Carbon Flagship Technology Development Project' passed the preliminary feasibility study to secure core technologies.

Starting with a government budget of 12.4 billion KRW this year, the government plans to invest a total of 104.6 billion KRW (78.5 billion KRW from the government) by 2028 to secure world-class core carbon material technologies to be used in five key demand industries, including aerospace and defense.

Detailed project announcements can be found on the Ministry of Trade, Industry and Energy website, the Industrial Technology R&D Information Portal, and the Pan-Government Integrated Research Support System. A project briefing session will also be held at 2 p.m. on the 19th at the LW Convention Center in Seoul.

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