South Korea aims to boost global display market share to 50% by 2027

LG DISPLAY

18/05/2023 07:00

SEOUL, May 18 (Reuters) - South Korea aims to increase
its share of the global display market to 50% by 2027, through
private sector investment and government tax benefits and
subsidies, the country's industry ministry said on Thursday. 
    South Korea, home to major display panel makers such as
Samsung Display and LG Display Co Ltd  034220.KS , currently has
a 37% share of the global display market, according to the
ministry.  
    The ministry said the private sector planned to invest more
than 65 trillion won ($49.21 billion) to expand production of
advanced organic light-emitting diode (OLED) display panels and
display research through 2027 in South Korea, and the government
planned to offer about 900 billion won in financing. 
    In April, Samsung Electronics'  005930.KS  unit Samsung
Display said it would invest 4.1 trillion won until 2026 in
South Korea to make OLED display panels used in tablets and
computers. 
($1 = 1,320.9300 won)

 (Reporting by Heekyong Yang
Editing by Ed Davies)
 ((Heekyong.Yang@thomsonreuters.com;))