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Emerging OLED, Flexible Display Leader Close

Emerging OLED, Flexible Display Leader

Korea has ranked 1st in the global display market since reaching a market share of 40.1% in 2019.
The emerging OLED market has been nearly monopolized by Korea as it accounts for 89.4%.
The development of foldable and rollable displays has also allowed for new form factors.
Samsung Display has developed flexible displays and small- and medium-sized foldable displays for foldable phones.
LG Display has developed the world’s first rollable TV following the development of large-sized OLED.

"2019 World Display Market Share (%)"

※ Source: OMDIA 2020

※ Source: Media report

Expanding Investment in Facilities Open

Expanding Investment in Facilities

The Korean display industry has over 1,000 companies and an annual production valued at USD 66 billion (KRW 73 trillion),
accounting for 4.1% of all exports from Korea. In order to widen the gap with China and ensure dominance of the new market, Korean display companies are planning to invest USD 14 billion (KRW 16 trillion) from 2020 to 2025 in large-sized OLED and Quantum Dot (QD).

(Unit : USD 100 million, %, $)

※ Source: Korea Semiconductor Industry Association, Korea Display Industry Association, National IT Industry Promotion Agency

e-Nation Indicator Shortcuts

Foreign Investors Entering the Korean Market Following the Growth of Korean Panel Companies Open

Foreign Investors Entering the Korean Market Following the Growth of Korean Panel Companies

Once Korean panel companies started to grow in the 2000s, many foreign companies began to enter the Korean market,
especially in the area of parts, materials, and equipment for which Korean companies did not have a strong foundation.
The majority of the parts and materials companies manufacturing liquid crystal, glass, and films produce products in Korea.
Equipment companies produce in Korea or provide installation, repair, or exchange services.
Benefits for the OLED Industry Open
Benefits for the OLED Industry

The Korean government offers tax credits on R&D and facility investment in the OLED industry.
Support for the OLED Industry

Targeted technologies

Panels: 9-inch and larger AMOLED, Flexible AMOLED

Materials, parts, and equipment: All materials, parts, and equipment required to manufacture AMOLED panels

Tax Credits for R&D

Large companies 20%, SMEs 30%

Method: Deduct a certain percentage of R&D expenditure of the previous year from corporate taxes

Tax Credits for Facility Investment

Large companies 3%, Middle-standing companies 5%, SMEs 12%

Method: Deduct a certain percentage of facility investment of the previous year from corporate taxes

Semiconductor Cluster Open

Semiconductor Cluster

From 1995 to 2004, Korean display panel manufacturers were mostly located in Giheung, Cheonan, and Gumi,
but they expanded their production lines and moved the center to Tangjeong (Samsung) and Paju (LG). LG Display located in Paju manufactures LCD and OLED panels for large-sized TVs. Its 7th generation factory, 8th generation factory, OLED production line, and modules are in operation.
The Uijeongbu office of Seoul Main Customs is located within Paju LCD Industrial Complex, reducing the time necessary for import clearance to 30 minutes.
Meanwhile, Chungcheongnam-do is a display technology leader producing 50% for Korea and 25% for the global display industry.

"Geographical Status of Major Display Clusters"

Geographical Status of Major Display Clusters Location, Paju, Tangjeong
Location	Paju	Tangjeong
Distance to Incheon International Airport	70km	120km
Ports	60km (Incheon)	30km (Pyeongtaek, Dangjin)
Seoul	35km	85km
Seoul Station	60 minutes (car, railway)	34 minutes (KTX), 90 minutes (car)
Water available for use	Paldang Dam	Daecheong Dam
Nearby cities	Ilsan	Cheonan, Asan

※ Source: Korea Display Industry Association

Invest KOREA

Semiconductor/Display PM

Cho SeYoung Key Industries Promotion Team

T.+82-2-3460-3239

Recommendation on Locations

BEST1

[Chungcheongnam-do Asan City]

Asan 2nd Techno Valley General Industrial Complex

Designated area(m2) : 1,200,443
Management : Chungcheongnam-do Asan City
Nearby Railway : Pyeongtaek Station (13km)
Nearby Airport : Cheongju International Airport (60km)

BEST2

[Gyeonggi-do Paju City]

Sinchon General Industrial Complex

Designated area(m2) : 189,797
Management : Gyeonggi-do Paju City
Nearby Railway : Haengsin Station (27km)
Nearby Airport : Gimpo International Airport (30km)

BEST3

[Gyeonggi-do Paju City]

Tanhyeon General Industrial Complex

Designated area(m2) : 122,871
Management : Gyeonggi-do Paju City
Nearby Railway : Munsan Station (8km)
Nearby Airport : Gimpo International Airport (37km)

BEST4

[Chungcheongnam-do Asan City]

Sinchang Agricultural Industrial Complex

Designated area(m2) : 56,040
Management : Chungcheongnam-do Asan City
Nearby Railway : Shinchang Station (4km)
Nearby Airport : Cheongju International Airport (59km)

BEST5

[Gyeongsangbuk-do Gumi City]

Gumi National Industrial Complex (2,3,4, Expansion Complex)

Designated area(m2) : 16,651,936
Management : Korea Industrial Complex Corporation
Nearby Railway : Gumi Station (11km)
Nearby Airport : Daegu International Airport (51km)

BEST6

[Chungcheongbuk-do Jeungpyeong County]

Jeungpyeong 2nd General Industrial Complex

Designated area(m2) : 702,807
Management : Chungcheongbuk-do Jeungpyeong County
Nearby Railway : Jeungpyeong Station (6km)
Nearby Airport : Cheongju International Airport (17km)