South Korea aims to start producing and selling graphene-based products in the next two years, expecting to see the first commercial product, an electromagnetic shield, in 2017. This follows the $40 million investment in graphene technologies made by the Korean government in 2013.
The recent plan, unveiled at a meeting of the National Science and Technology Council, stresses that the government will continue to support research and development of related technologies that will enable mass production of the material by 2020.
The Ministry of Trade, Industry and Energy said in a press release that The country believes it can create a new global market for graphene under its leadership as the country has developed leading technologies through over 10 years of research while it also has enough demand for the material in the mobile phone, display and secondary cell battery sectors.