South Korea will invest a combined 484 billion won (US$350 million) into LED display technologies by 2032, announced the Yonhap news agency in conjunction with the country’s Ministry of Trade, Industry and Energy.
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The announcement refers directly to microLED, quantum dot, and nano LED display types, and states the government’s intent to find new growth engines for the local display economy. While the ministry calls these technologies ‘iLED’ (inorganic light-emitting diode), it is understood that it is using this term as a blanket term for non-OLED LED display types.
The ministry says that South Korea maintains a global lead in the OLED market, but is lagging behind in LED technology, with the country relying on China for its LED chips and display materials. The global LED market is expected to grow to $32 billion by 2035 from $1 billion in 2026.
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