Government to Invest 484 Billion KRW in Micro-LED Display R&D

The Ministry of Trade, Industry and Energy announced on the 11th that it held the Inorganic Light Emitting Industry Promotion Alliance at the Korea Chamber of Commerce and Industry in Seoul, attended by key display industry, academia, and research experts.

Inorganic Light Emitting Display (iLED) refers to displays that use inorganic devices such as light-emitting diodes (LEDs) as R·G·B pixels. It is gaining attention as the next-generation display after Organic Light Emitting Diode (OLED) due to its long lifespan and advantages in brightness and power consumption. However, the domestic inorganic light emitting industry is highly dependent on overseas sources for LED chips and other components, and the ecosystem is insufficient. Accordingly, the government launched the Inorganic Light Emitting Industry Promotion Alliance last May and has been identifying policy tasks.

The Ministry explained that at the meeting, they shared detailed information and implementation plans for the R&D project, which passed the preliminary feasibility study last May and is scheduled to receive an investment of 484 billion KRW over eight years starting next year. They also discussed tasks necessary for establishing a domestic inorganic light emitting industry supply chain.

The Ministry plans to strengthen the training of experts in the inorganic light emitting field through newly supported specialized graduate schools for display this year and regularly hold technology exchange meetings open to industry, academia, and research sectors. Additionally, they announced plans to expand display demonstration projects to create initial markets.

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