Graphene industry to reach 17 trillion Won by 2025

February 2, 2015

Yonhap News - Standard Graphene


The Ministry of Science, ICT and Future Planning (MSIP), and Ministry of Trade, Industry and Energy (MOTIE) to host a public hearing on the industrialization of graphene.

SEOUL, YONHAP NEWS—A blueprint has been announced for promoting graphene, widely known as a next generation “dream material,” as a new growth engine that will develop into an industry worth 17 trillion Won, estimated to create 34,000 new jobs.

The Ministry of Science, ICT and Future Planning (MSIP) and the Ministry of Trade, Industry and Energy (MOTIE) will hold a public hearing on the 3rd at the Seoul Palace Hotel to announce a roadmap for leading the growth of the graphene industry—including plans for securing core technology and commercializing applied products.

Graphene is an atomic-scale honeycomb lattice made of carbon atoms. It is a strong material and a great conductor of electricity, with many extraordinary qualities. Anticipated to take place as a revolutionary next generation nanomaterial, the competition for technical development for its industrialization is quickly accumulating.

Based on Korea’s strong graphene technology and the nation’s position as an industry leader in displays and semiconductors, MSIP and MOTIE have, since last August, been establishing a roadmap to fulfill the goal of becoming a leading country in the future materials industry through preoccupancy of the market.

The roadmap is structured around three strategies, three goals, and 11 detailed goals for building a 17 trillion Won graphene industry that will create 34,000 jobs.

The first of the three strategies is to build a supply system for the raw materials used to make graphene. Efforts for obtaining a reliable source of raw materials at competitive prices will receive investments of 45.2 billion Won of government funds, 22.4 billion Won of private funds, for a total of 67.6 billion Won.

The second strategy, the early commercialization of graphene products, will receive investments of 45.9 billion Won. The focus will be to develop five products featuring graphene: electromagnetic wave shields, environmentally friendly steel plates, high-performance barrier films, touch panels, and OLED panels.

The third and final strategy is to establish an alliance for industry-academia collaboration in leading the business. All projects will be initiated by the industry-academia consortium, while MSIP and MOTIE will each be responsible for developing original and applied product technologies for commercialization.

MSIP expects that once the roadmap is finalized and initiated, Korea will obtain 64 of the world’s best graphene technologies by 2020, and develop nine of the world’s leading products by 2025. Through the public hearing, the roadmap will be finalized by March.

via Yonhap News

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