According to Yonhap News,

The government will invest a combined 484 billion won (US$350 million) by 2032 to develop inorganic light-emitting diode (iLED) display technologies, with an aim to find new growth engines for the local display sector, the industry ministry said Tuesday.

The investment will be funneled into developing iLED technologies, including micro LED, quantum dot and nano LED, and cultivating the local industrial ecosystem, according to the Ministry of Trade, Industry and Energy.

Considered a next-generation display technology, iLED offers enhanced lifespan, brightness and power efficiency compared with current organic light-emitting diode (OLED) displays.

The ministry said South Korea maintains a global lead in the OLED market but is lagging behind in the iLED technology, heavily dependent on foreign-made LED chips and materials for the iLED display.

The global iLED market is expected to grow to $32 billion by 2035 from $1 billion in 2026.


nyway@yna.co.kr

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Source: Yonhap News (July 15, 2025)