Recently, the South Korean government signed an agreement with two of the most popular local manufacturers of display panels, Samsung and LG. With this agreement, both companies will receive up to $29.6 million dollars in investments in the next five years.

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We find out that Samsung Display and LG Display will concentrate on the process of the development of new display panels for future markets. This agreement will be a shift form the actual focus on products for quick commercialization. In South Korea display panels are one of the top export items, with a $12.2 billion dollars products shipped in the first half of the year.

This number is just 4.3% of the country’s overall exports during the same time period. Yet, it seems that the South Korean government knows in what to invest the money. In long-term, the money investments will return tenfold mostly through¬†the fees raised from these two producers. This will happen thanks to the technological advance hold by this country, an advance that soon will¬†even higher compared with other players on the market.

via: koreaherald.com