According to South Korea's Pulse News, the South Korean government will open an organic light-emitting diode (OLED) manufacturing plant and R&D center in Cheonan, Chungcheongnam-do. In the next seven years, the government will invest about 528 billion won (about 467.8 million US dollars), which is the largest state-led research and development project in Korea's history, which is designed to promote the development of the IT department.
South Korea's Chungcheongnam-do government recently said that the OLED display production facility project passed the final feasibility test of the National Science and Technology and Information and Communication Technology Department. The government plans to invest 165.1 billion won in the project.
The plan includes the construction of a four-story panel factory in the area of Zhongnan Science Park with an area of 12,913 square meters, which will be equipped with 61 manufacturing and production systems, including display evaporation systems. The remaining 363 billion won will be used for the construction of the R&D center. The R&D center will carry out 66 research projects, including the development of flexible OLED panel packaging methods, the development of OLED production cost reduction strategies, the production of next-generation OLED displays and new applications of OLED technology in new scenarios and markets.