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Emerging OLED, Flexible Display Leader CloseEmerging OLED, Flexible Display LeaderKorea 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 OpenExpanding Investment in FacilitiesThe 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, %, $)디스플레이 생산현황 표로 구분, 년도 정보제공 ※ Source: Korea Semiconductor Industry Association, Korea Display Industry Association, National IT Industry Promotion Agency -
Foreign Investors Entering the Korean Market Following the Growth of Korean Panel Companies OpenForeign Investors Entering the Korean Market Following the Growth of Korean Panel CompaniesOnce 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 OpenBenefits for the OLED IndustryThe Korean government offers tax credits on R&D and facility investment in the OLED industry.Support for the OLED Industry
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Targeted technologies
- Panels: 9-inch and larger AMOLED, Flexible AMOLED
- Materials, parts, and equipment: All materials, parts, and equipment required to manufacture AMOLED panels
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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
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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
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Targeted technologies
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Semiconductor Cluster OpenSemiconductor ClusterFrom 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
Industrial complex information
[Chungcheongnam-do Asan City] Asan 2nd Techno Valley General Industrial Complex
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Complex nameAsan 2nd Techno Valley General Industrial Complex
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Initial designation date2010.12.28
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Designated area(m2)1,200,443
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ManagementChungcheongnam-do Asan City
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Nearby RailwayPyeongtaek Station
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Distance from station(km)13
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Nearby AirportCheongju International Airport
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Distance from airport(km)60
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Industrial water Supply capacity(ton/day)3915(㎥/day)
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Affiliation local governmentChungcheongnam-do Asan City
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Population313,871
Industrial complex information
[Gyeonggi-do Paju City] Sinchon General Industrial Complex
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Complex nameSinchon General Industrial Complex
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Initial designation date2007.10.01
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Designated area(m2)189,797
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ManagementGyeonggi-do Paju City
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Nearby RailwayHaengsin Station
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Distance from station(km)27
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Nearby AirportGimpo International Airport
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Distance from airport(km)30
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Industrial water Supply capacity(ton/day)233(㎥/day)
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Affiliation local governmentGyeonggi-do Paju City
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Population459,158
Industrial complex information
[Gyeonggi-do Paju City] Tanhyeon General Industrial Complex
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Complex nameTanhyeon General Industrial Complex
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Initial designation date2000.12.19
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Designated area(m2)122,871
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ManagementGyeonggi-do Paju City
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Nearby RailwayMunsan Station
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Distance from station(km)8
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Nearby AirportGimpo International Airport
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Distance from airport(km)37
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Industrial water Supply capacity(ton/day)-
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Affiliation local governmentGyeonggi-do Paju City
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Population459,158
Industrial complex information
[Chungcheongnam-do Asan City] Sinchang Agricultural Industrial Complex
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Complex nameSinchang Agricultural Industrial Complex
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Initial designation date1987.08.20
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Designated area(m2)56,040
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ManagementChungcheongnam-do Asan City
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Nearby RailwayShinchang Station
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Distance from station(km)4
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Nearby AirportCheongju International Airport
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Distance from airport(km)59
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Industrial water Supply capacity(ton/day)-
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Affiliation local governmentChungcheongnam-do Asan City
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Population313,871
Industrial complex information
[Gyeongsangbuk-do Gumi City] Gumi National Industrial Complex (2,3,4, Expansion Complex)
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Complex nameGumi National Industrial Complex (2,3,4, Expansion Complex)
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Initial designation date1977.04.22
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Designated area(m2)16,651,936
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ManagementKorea Industrial Complex Corporation
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Nearby RailwayGumi Station
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Distance from station(km)11
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Nearby AirportDaegu International Airport
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Distance from airport(km)51
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Industrial water Supply capacity(ton/day)72327
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Affiliation local governmentGyeongsangbuk-do Gumi City
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Population416,551
Industrial complex information
[Chungcheongbuk-do Jeungpyeong County] Jeungpyeong 2nd General Industrial Complex
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Complex nameJeungpyeong 2nd General Industrial Complex
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Initial designation date2009.11.20
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Designated area(m2)702,807
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ManagementChungcheongbuk-do Jeungpyeong County
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Nearby RailwayJeungpyeong Station
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Distance from station(km)6
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Nearby AirportCheongju International Airport
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Distance from airport(km)17
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Industrial water Supply capacity(ton/day)3,348(㎥/day)
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Affiliation local governmentChungcheongbuk-do Jeungpyeong County
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Population81,949