The Ministry of Trade, Industry and Energy said the Korea Display Research Consortium (KDRC), established under cooperation with private firms and institutions, will play a key role in adding vitality to the local display industry. (image: LG Electronics)
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s commerce ministry said Friday it has launched a consortium to develop key technologies of next-generation display technologies.
The Ministry of Trade, Industry and Energy said the Korea Display Research Consortium (KDRC), established under cooperation with private firms and institutions, will play a key role in adding vitality to the local display industry.
The government and companies plan to make a combined investment of 28 billion won (US$24 million) through 2019.
The ministry said the move came in line with the rising need to secure technologies in the organic light-emitting diode (OLED) segment, which emerged as a new growth engine in the industry.
The KDRC will focus on fostering experts on display technologies and take the lead in cooperation between the government and private firms, it added.
(Yonhap)
