The Strait of Hormuz, cited as a cause of the sharp rise in oil prices. [Photo: Yonhap News Agency]

The Korea Display Industry Association (KDIA) shared financial support measures for the industry in response to supply chain instability stemming from the Middle East. The association on Sunday held the 2026 display export finance and tax support briefing at the Melon Hall of EL Tower in Yangjae, Seoul, with more than 100 panel and materials, parts and equipment companies attending.

It was held to provide guidance on raising funds needed for supply chain stability and advanced technology investment through government funds and investment vehicles, as raw material prices rise and the burden of diversifying import sources grows due to the situation in the Middle East. The main agenda items included the Supply Chain Stabilisation Fund, the National Growth Fund, export insurance and credit guarantees, and an advance review system for tax credits.

The Ministry of Trade, Industry and Energy plans to focus its capabilities on stabilising supply chains, including checking the supply and demand of key display items and securing raw materials. It also plans to link the National Growth Fund, which will be launched this year, to funding for industry investment and technology development. The Korea Development Bank will support display companies related to state-of-the-art strategic technologies and state strategic technologies under the Restriction of Special Taxation Act so they can raise funding for facility investment and factory site purchases on preferential terms compared with market interest rates through the National Growth Fund and its Innovation Growth Programme.

The Export-Import Bank of Korea plans to apply extensions on loan maturities and preferential interest rates for companies harmed by Middle East-driven crude oil and raw material disruptions and for funds needed to diversify imports. Korea Trade Insurance Corp provided guidance on preferential terms for export insurance and credit guarantees, and the National Tax Service explained its advance review system for tax credits on research and human resources development expenses and documentation requirements.

KDIA Vice Chairman Seung-woo Lee (이승우) said the association has set up and is operating a supply chain response centre dedicated to enhancing the industry's response capabilities and quickly sharing developments as business uncertainty rises due to instability in the Middle East and a global rise in exchange rates.

He added that the association will expand participation in its trade task force, previously focused on panel makers, to include materials, parts and equipment companies and market research firms. It aims to inspect the full-cycle supply chain from basic raw materials to final products and share supply and demand difficulties with the government in real time.

The association plans to continue holding regular seminars by selecting topics that meet industry needs, including responding to EU PFAS regulations and strengthening industrial safety prevention, through ongoing collection of views from the field.

Keyword

#Korea Display Industry Association #National Growth Fund #Korea Development Bank #Export-Import Bank of Korea #PFAS
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