SK Materials JNC, a display materials company, has signed an MOU with SN Display to build a mass-production system for perovskite nanocrystal materials, it said on Monday. SN Display, founded by Seoul National University professor Tae-Woo Lee, said it has technology to mass-synthesize the material at high efficiency. The companies plan to combine synthesis technology with production and quality-control capabilities to commercialise perovskite emissive materials for display applications.

South Korea\'s solar industry is urging the government to add direct pay to a planned domestic production tax credit, saying loss-making companies cannot benefit without a refund mechanism. Hanwha Solutions said the domestic solar cell manufacturing base is disappearing, with local cell market share falling sharply since 2021. The government plan caps credits and does not include direct pay or transferability. The company said direct pay is needed due to high upfront and operating costs at cell plants.