Seoul: The science ministry has unveiled a strategic initiative to allocate 235.1 billion won (US$159 million) for research in semiconductor, display, and battery industries to secure core technologies crucial for the nation's long-term industrial growth.
According to Yonhap News Agency, the Ministry of Science and ICT plans to distribute the funds across 27 projects focused on developing cutting-edge technologies in these advanced sectors. Of the total investment, 187 billion won will be dedicated to 18 projects related to semiconductors, including advancements in next-generation chip packaging technologies and automotive chips tailored for software-defined vehicles (SDVs).
Furthermore, 13.9 billion won is earmarked for three projects in the display sector, while 34.1 billion won will support six initiatives in the battery industry. The science ministry aims to release additional details regarding application timelines and procedures by late January.