South Korea Invests $159M in Semiconductor, Display, and Battery Research Initiatives
South Korea's Ministry of Science and ICT plans to invest KRW 235.1 billion (US$159 million) in 27 research projects across the semiconductor, display, and battery industries to enhance technological competitiveness. Semiconductors will receive the largest share, with KRW 187 billion allocated to 18 projects, including next-generation chip packaging technologies and advanced automotive chips.
Display technology will receive KRW 13.9 billion for three projects, while battery research will get KRW 34.1 billion for six programs, focusing on performance, safety, and next-generation energy storage. This funding strategy aims to secure core technologies critical to global supply chains and support long-term economic growth.
