Ministry of Industry Announces Key Material and Component Technology Development Projects
Focus on Technology Development in Semiconductors, Displays, Secondary Batteries, Biotechnology, etc.
Investment of 1.178 trillion won, a 3.2% increase from the previous year, ‘[Sejong=Edaily Reporter Ha Sang-ryul] The government will invest approximately 1.2 trillion won in technology development for semiconductors, displays, secondary batteries, automobiles, and aerospace.’,
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, ‘The Ministry of Trade, Industry and Energy announced on the 4th that it will invest 1.178 trillion won in the 2025 materials and components technology development project, a 3.2% increase from the previous year (1.141 trillion won), with 1.089 trillion won for ongoing projects and 89 billion won for new projects.’,
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, ‘By sector, a total of 441.7 billion won will be invested in the development of materials and components to secure a leading edge in advanced strategic industries, such as semiconductors (136.1 billion won), displays (101.9 billion won), secondary batteries (100.9 billion won), and biotechnology (102.8 billion won). This includes support for 26 new projects such as △development of rare metal materials for semiconductor thin-film deposition △development of next-generation display emitting materials △development of solid electrolyte materials for all-solid-state batteries △development of bio-ink materials for rapid angiogenesis, among others.’,
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, ‘Additionally, a total of 736.3 billion won will be invested in material development for high value-added and eco-friendly competitiveness enhancement in key industries such as machinery and metals (305.3 billion won), automobiles (89 billion won), and chemicals (111.3 billion won), as well as for the preemption of promising future industries like aerospace (62.8 billion won) and hydrogen (20 billion won).’,
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, ‘Functionally, there will be an expansion of R&D for technology development to stabilize the supply chain of materials, components, and equipment (SoBuJang). After investing 17.6 billion won in 2023 and 76.6 billion won last year, this year 131.2 billion won will be invested to support the development of alternative materials and resource recycling for 185 critical supply chain items.’,
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, ‘Furthermore, to boost private investment in the materials and components sector, 302.7 billion won will be allocated to investment-linked technology development, where the government matches funds for projects that have secured private investment, an increase from last year’s 169.8 billion won.’,
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, ‘The Ministry plans to select the executing agencies for new projects announced on the 5th by April. The investment-linked projects will be selected by June.’,
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, ‘Na Sung-hwa, the Industrial Supply Chain Policy Director at the Ministry of Industry, stated, “Through challenging and innovative materials and components technology development, we aim to support a significant lead in advanced industries and the stabilization of the supply chain, while also integrating AI-based digital development methods to expedite technology development.”‘,
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