According to a recent market forecast, global OLED market would increase to 20 trillion Korean won in value by 2015. This is a whopping 13-fold growth just in six years and the growth is even faster than that of global LCD market which showed a 10-fold increase in the past ten years.

A researcher at Seoul-based Hyundai Security has recently presented the rosy prospects for OLED market, citing the data from the Korean Ministry of Knowledge Economy (MKE). According to the ministry’s data, the global OLED market would grow from W1.5 trillion today to W10 trillion by 2012 and W20 trillion by 2015 in scale.

Because of bright prospects for OLED business, countries around the world are trying to promote OLED at the national level. The U.S., Japan, and the EU are making intensive investments in the OLED lighting and display industry as part of national strategy in order to grab a dominant position in the market. China is also making efforts to promote the OLED industry.

In South Korea, the Ministry of Knowledge Economy has unveiled a plan to establish a system to support the OLED industry to help it secure core technology of organic materials for AMOLED TVs, develop sixth and further generation AMOLED equipment, and create demand for OLED lighting in the market.

The Hyundai Security researcher said, “As countries around the world move to strengthen regulation on environmental pollution, the industry regards AMOLED as optimal eco-friendly display,” adding, “The technology of vapor deposition of organic materials is quickly developing, increasing the possibility of making large AMOLED devices.”

The researcher noted, “This year would be the first year of the upcoming decade that will witness the earnest growth of the OLED market.” He added, “As OLED display and OLED lighting use identical organic materials and components, the current infrastructure can be used for both of them, which is a great advantage.”

Reflecting such high interest in OLED, stock prices of companies related to OLED business, including Duksan Hi-Metal, Clover Hitech, and LDT, rose on September 25 in the Korea Composite Stock Price Index (KOSPI) market despite the index’s overall weak performance of the day.