Gov’t, tech companies to fund display research
Though Korean display and television exports were up in the first six months, industry researchers are predicting a drop in the second half. In the first half, ICT exports recorded a record high of $83.8 billion, up 3.2 percent compared to the same period last year.
With the threat of losing competitiveness in the global display market, the Trade Ministry and local display giants including Samsung Display and LG Display yesterday introduced a plan to form a 30 billion won ($29.6 million) joint fund for R&D projects over the next five years.
The consortium, in cooperation with the two giants’ suppliers and state-run research institutes, aims to develop next-generation displays. The R&D projects will look to improve OLED displays, commercialize flexible screens and develop technology for foldable displays and transparent displays.
Displays are Korea’s third-largest ICT export, accounting for 6 percent of total exports, following smartphones and semiconductors.
“Because the television and mobile device markets have already matured, the Korean industry is heading toward developing future technologies,” said Kim Hyun-seok, an industry researcher at Korea Display Industry Association. “For instance, the industry is focusing on transparent displays that can be made into a car’s dashboard and front window and transparent public advertisement displays, in our search for new sources of growth.”
Korea has had the largest share of the display market since 2002, and now holds about 45.2 percent, followed by Taiwan (27 percent), Japan (16 percent) and China (11 percent).
China is the biggest threat to Korea’s top spot as the Chinese display industry, which only had 2 percent of the market share in 2009, has grown by more than five times in three years.
BY KIM JI-YOON [email@example.com]