South Korea Invests $159M in Semiconductor, Display, and Battery Research Initiatives
South Korea's Ministry of Science and ICT is investing KRW 235.1 billion (US$159 million) in 27 research projects aimed at boosting competitiveness in the semiconductor, display, and battery sectors. The majority of the funding, KRW 187 billion, will support 18 semiconductor projects, while display technology and battery research will receive KRW 13.9 billion and KRW 34.1 billion, respectively. This initiative seeks to secure essential technologies for global supply chains and foster long-term economic growth.
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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.
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