Seoul, February 4, 2025 – South Korea has announced plans to invest $809.3 million in the development of advanced materials technologies. The investment aims to bolster the country’s technological capabilities, focusing on improving the manufacturing of key materials used in high-tech industries such as semiconductors, batteries, and displays. This move is seen as part of South Korea’s strategy to maintain its competitive edge in global technology markets and strengthen its supply chains.
The funding will support research and development efforts in cutting-edge materials technologies, as well as the commercialization of new materials that can enhance the performance and sustainability of electronic devices. The government is particularly focused on materials innovation that could lead to breakthroughs in energy efficiency and environmental sustainability, ensuring that South Korea remains at the forefront of the global tech industry.
