- Making a quantum leap into the world’s best cluster that features a sound
- KRW 340 trillion worth of investment for the next 5 years to 2026
all types of semiconductors)
1 The world‘s largest semiconductor mega-cluster will be established.
- A cutting-edge logic semiconductor cluster worth KRW 300 trillion will be built (National
industrial complex, by 2042).
- The fabless valley (Pangyo), existing manufacturing complexes (Giheung, Hwaseong, Pyeongtaek,
Yongin), national industrial complexes (Yongin) will be connected. A semiconductor mega cluster →
Integration of foundry, memory chip, fabless, and materials, parts, equipment
- Up to 150 domestic and foreign companies which are spearheading the fabless and materials,
equipment will be located, along with an excellent talent pool.
2 Core technologies of next-generation semiconductor will be
- A KRW 3.2 trillion fund will be provided in R&D of 3 promising semiconductor areas, electricity,
vehicles, and AI.
- Financial support (KRW 5-8 billion/case) will be given to projects for matching demand and
between fabless companies and large companies on the condition of purchase.
3 The ground for growth in the semiconductor industry, including
taxation, finance, and human resources will be fortified.
- 150,000 local talents of practical capacities, with bachelor’s or master’s degrees will be
nurtured by 2031.
- Tax credit in CapEx will be expanded and financial support (2023, KRW 100 billion) in
infrastructures will be provided.
4 The overall ecosystem of the semiconductor industry that covers
design, fabrication, and packaging will be upgraded.
- We will foster 10 fabless companies with sales worth KRW 1 trillion respectively by 2035 by
supporting promising sectors (electricity, AI, etc.).
- Semiconductor manufacturing capacity will be enhanced by intensifying cooperation among design
house, IP, and foundry.
- KRW 24 trillion will be invested in establishing a hub of semiconductor packaging to lead
5 Support to encourage technological cooperation with foreign
and exports will be provided in order to respond to reshaping supply chains.
- Regaining the no. 1 position in the global display market
- KRW 62 trillion worth of investment for the next 5 years to 2026
1 Financial support and tax credits will be provided to encourage
investment from the private sector in a timely manner.
- Display will be categorized as national strategic technology under the [Act on Restriction of
Special Taxation], and the policy fund of KRW 900 billion will be provided in facility
and equipment production.
2 We will preemptively develop next-generation display technologies
enhance technological capacities in OLED.
Technology demonstrations and pilot programs about 3 promising areas such as transparent, XR,
automotive display will be carried out.
※ (transparent display) platform screen doors, museums,
etc., (XR display) warehouses and etc., (automotive display) buses and etc.
- OLED KRW 420 billion in OLED technological innovation + KRW 950 billion in R&D on inorganic
electroluminescent display (under preparation)
3 A workforce made up of 9000 talents who will lead the next-generation
technologies will be nurtured (by 2032).
- 7000 workers of practical skills required in the market (the semiconductor contract department
etc.), 2000 filed workers (specialized vocational training centers)
- Emerging as the global no. 1 rechargeable battery maker by 2030
- KRW 39 trillion worth of investment for the next 5 years to 2026
1 Domestic production capacity of rechargeable batteries will be
upgraded to 60GWh by 2025 (1.5 times the level of 2021).
- A policy fund of KRW 5.3 trillion will be provided in long-term, low-interest-rate loans and
credit guarantee (KDB, KIBO, KODIT).
- Private funds for outstanding rechargeable battery companies will be operated (i.e. KRW 200
billion in R&D innovation funds).
2 KRW 20 trillion investment by both the public and private sectors
will be made by 2030 to secure an unmatchable level of technologies.
- Improvement in driving range (500->800 km), and technological development for solid-state
batteries, lithium-sulfur batteries (weight).
3 Both the public and private sectors will join hands in securing
critical minerals and responding to current issues in the global trade.
- Global mineral supply-demand maps will be developed to ensure a reliable supply of critical
- Effective responses to global trade issues such as the IRA will be made through a strong
rechargeable battery alliance between the public and private sectors.
- Achieving first place in terms of biopharmaceutical capacity
- KRW 13 trillion worth of investment for the next 5 years to 2026
1 Over 2,000 workers will be nurtured every year to meet the growing
needs of the market by providing meticulous support in the private sector’s investment and utilizing
large-scale facilities such as K-NIBRT.
2 New big data-based health care markets will be created to serve the
public health sector.
- 10 types of digital health care services and Bio Big Data (data scale worth 1 million people)
3 Support in technological development and commercialization of
bioplastics and fuels will be made to respond to carbon regulations.
- Becoming the 3rd biggest future car manufacturer across the world
- KRW 95 trillion worth of investment for the next 5 years to 2026 (all types
1 EV production scale will increase by five-fold through a massive
investment in the future vehicle sector.
- Sites for future vehicle facilities will be seamlessly obtained through negotiations with local
governments (i.e. changes in land usage)
2 Core technologies, including sensors and rechargeable batteries
be secured through KRW 2 trillion worth of investment by 2025, and 30,000 talents of
knowledge in software-related fields such as future vehicle will be nurtured by 2030.
3 [Special Act on transition to future vehicles] will be enacted by
2023 to assist the component industry’s transition into future vehicle trends.
- Joining the ranks of global advanced robot manufacturing nations
- KRW 1.7 trillion worth of investment for the next 5 years to 2026
1 Over KRW 2 trillion worth of investment will be made by both the
public and private sectors for the next 5 years to secure critical technologies in the cutting-edge
- Homegrown technologies in 5 core components, decelerators, servo motors, grippers, sensors, and
controllers, will be developed.
2 A robot-friendly environment will be made by improving related
regulations and carrying out large-scale technology demonstrations.
51 critical regulations in 4 major sectors* will be identified, and 39 tasks will be improved by
※ Mobility improvement, safety, collaboration and assistance,
- The initiative of building the ‘National Robot Test Field’ will be promoted to support
demonstrations and commercialization of various business models.
3 New markets, such as welding, cooking, and care robots will be
created in fields of hazardous jobs or supply demand imbalance.