The Korea Display Industry Association (KDIA) revealed plans to foster the Korean display equipment industry, including boosting the share of home-grown display equipment to 80% by 2013.
The KDIA said that the display equipment industry will be nurtured as the nation's new growth engine to generate US$6 billion in revenue, a two-fold growth from the 2008 level.
The plans were announced at a meeting of the Commission on Display Equipment Industry Advancement held on Nov. 9 at Renaissance Hotel in Seoul.
The new plans focus on nurturing at least two local display equipment makers whose annual revenues reach W1 trillion (US859 million) and increasing the proportion of Korean-made display equipment to be adopted by local companies to 80% by 2013.
To this end, the commission presented three strategies and eight key tasks to carry out the strategies. The three strategies are securing global competitiveness, developing an advanced industry structure enabling shared growth, and creating the basis for the virtuous circle of development of equipment industry.
The eight key tasks include investment-linked development of process technology for next-generation display, joint R&D on key parts of equipment, nurturing of global companies, expansion of mutual cooperation between companies, and support for finding export markets.
The rest are creating favorable atmosphere for investment, generation of world-level experts on equipment technology, establishment of cooperation system to prevent excessive competition in the same industry.
Tae-sung Park, chairman of the commission and official in charge of semiconductor display at the Korean Ministry of Knowledge Economy said, "A comprehensive analysis was conducted regarding problems across the Korean equipment industry, including structural problems. We also took a close look at non-R&D sectors." He added, "It was meaningful that a comprehensive analysis was made and solutions to the problems were presented at the meeting."