According to a report from OLED-info, South Korea’s Ministry of Trade, Industry, and Energy (MTIE) has announced a funding package of 38.7 billion won (approximately USD 26.5 million) to bolster the nation’s display industry.

The initiative aims to strengthen South Korea’s competitive edge in the display sector, particularly in the face of growing competition from China, as the report highlights.

The primary objective of this new initiative is to support South Korea’s OLED and MicroLED display industry. According to the report, the funding will be allocated to small and medium-sized enterprises, large corporations, as well as universities and research institutes.

A total of 40 project types will receive financial support, covering areas such as advanced OLED technologies, AR/VR innovations, microdisplays, and lightfield OLED displays. As noted in the report, all of these projects fall under R&D and will span a duration of one to four years.

TrendForce‘s latest OLED Technology and Market Development Report reveals that the penetration rate of OLED displays in notebooks is set to increase to 3% in 2024, driven by large-scale procurement from Chinese laptop brands.

While growth in 2025 is expected to be moderate, the anticipated introduction of OLED displays in Apple’s MacBook lineup will mark a significant turning point. This move is expected to prompt the activation of high-generation OLED production lines at panel makers, pushing the OLED notebook penetration rate beyond 5% by 2027. The influence of high-end markets will likely create a trickle-down effect on other brands’ product strategies and further accelerate OLED adoption in the IT sector.

(Photo credit: Samsung)

TrendForce 2024 Micro LED Market Trend and Technology Cost Analysis
Release: 31 May / 30 November 2024
Language: Traditional Chinese / English
Format: PDF
Page: 160-180