Seoul (ANTARA News/Asia Pulse) - South Korea's display industry said today that it will invest 28.5 trillion won (US$28.5 billion) over the next four years to maintain its lead in the global market.

In a meeting of the Korea Display Industry Association (KDIA), member companies signed a memorandum of understanding (MOU) outlining joint efforts to locally develop precision manufacturing machinery needed to make active-matrix organic light-emitting diodes (AM OLEDs).

At present, South Korean companies have to import most machinery needed to make AM OLEDs from Japan, which has affected overall competitiveness and raised costs.

The agreement, that calls for at least 8.2 trillion won to be used next year, also calls for efforts to help small-size machinery manufacturers that will be tasked with development of such specialized products.
 
 
Source:
Business in Asia Today - Nov 2, 2009
published by <a href="http://www.asiapulse.com">Asia Pulse</a>

Editor:

COPYRIGHT © 2009

Comment
Send Comment