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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 (%)"
    LCD Panels(Korea 25.8%, China 37.3%, Japan 14.2%, Taiwan 21.5%), OLED Panels(Korea 89.4%) Large view of images
    ※ Source: OMDIA 2020
    Foldable displays(Samsung, 2019), World’s first rollable TV (LG, 2019) Large view of images
    ※ 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, %, $)
    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 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.
    Parts and Materials Companies: Liquid crystal (Merch [Germany], Chisso [Japan]), Glass(Corning [US], PEG [Japan]), Film(Dongwoo Fine Chem [Japan], Toray [Japan]), etc., Equipment Companies: Evaporators (Ulvac Korea [Japan], Applied Materials Korea [US]), Vacuum pumps (Edwards Korea [UK]), Etchers (Tokyo Electron Korea [Japan]), Printers (Kateeva [US]), etc. Large view of images
  • 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.
    Please refer to the information below
    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
    Large view of images
  • 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
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Semiconductor/Display PM
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