The Korean Government to designate OLED as a national strategic technology
In April 2022, we reported that the Korean Government is considering designating OLED technology as a "national strategic technology", which means that companies will be given tax benefits, to encourage further investments and R&D in the OLED industry.
According to new reports to Korea, the government will unveil a new draft tax law tomorrow that will indeed include new benefits to OLED developers, as OLED will be regarded as a national strategic technology indeed. This will encourage companies to establish new OLED R&D activities and new production lines. The government is also also looking to add microLED and quantum dot display technologies as strategic technologies.