The South Korean government announced a seven-year project to establish an OLED R&D and manufacturing facility in Cheonan, South Chungcheong Province.

The Korean government will spend 528 billion Won (around $468 million USD), it's largest ever R&D project, to build the R&D center and manufacturing facility, which will include 61 manufacturing and production systems, including several OLED evaporation systems. The R&D facility will conduct over 66 planed projects, focusing on technologies such as flexible OLED encapsulation, cost-cutting methods, next-generation displays and more.

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