The Korea government to establish a $470 million OLED R&D center
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.