Groundbreaking Ceremony of the LED-IT Fusion Technology Research Center of the 4th
410 billion won invested in the next 5 years to construct world\'s top 3 LED fusion industrial complex
[May 4, 2010]

 A bright light has turned on in finding the next-generation growth engine of our community and our nation.

 Yeungnam University (president Lee, Hyo-soo) held a groundbreaking ceremony for the \'LED-IT Fusion Technology Research Center (director Jang, Ja-soon, hereinafter referred to as Center)\' at the northeast side of the Industry-Academic Cooperative Technology Institute at the Gyeongsan Campus at 3:30 on the 4th. At this day\'s event, Choi, Gyeong-hwan (Minister of Knowledge Economy), Kim, Gwan-yong (governor of Gyeongbuk), Kim, Beom-il (mayor of Daegu), Woo, Ui-hyeong (chairperson of Yeungnam Academy Foundation), Park, Bong-gyu (president of the Korea Industrial Complex Corporation), Yoon, Sang-han (director of the Daegu-Gyeongbuk leading industry support organization), and CEOs of relevant companies attended to congratulate the establishment of the Center.

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 This center, which will have 1 underground story and stand 5 stories high with a total floor area of 7,486.16㎡ is scheduled to be completed by the end of the year, and it will act as a hub for the industry-academic-government cooperation network that connects Yeungnam University, local authorities such as Gyeongsangbuk-do, Daegu, Gyeongsan, and Gumi, and over 20 related companies such as LG Display, Heesung Electronics and SL. Through this, the Center will promote research and industrialization of fusion and integrated technologies of LED technologies and IT technologies in order to act as a spearhead for finding new growth engines for not only the community, but for all of Korea.

 
 An aerial view of the LED-IT Fusion Technology Research Center

 The business goal of the Center is to establish the \'world\'s top 3 LED fusion industry complex\' and to establish the \'LED fusion industry hub of Northeast Asia\'.

 Accordingly, the center is aiming to create a greater synergy effect by tying together the local major industry of IT with automobiles and display industry. As part of this, they are planning to develop platform technologies and commercialization technologies for LED-IT fusion in the five main sectors of light source, intelligent automobiles, TV, lighting, reliability and malfunction analysis

 The new technologies that are developed will be saved in the \'patent bank\'. The related patented technologies will be constructed into a map so that they may be utilized when finding venture businesses in the LED-IT sector. Furthermore, a pilot production complex will be made in Gyeongsan and Gumi, and by hosting domestic and foreign businesses related with LED and IT, to maximize the operation rate in 2013. In addition, the Center is also planning to provide support for the marketing strategies of companies as well.

 Yeungnam University is also planning to establish undergraduate, graduate and post-graduate courses related to LED-IT to foster advanced professionals, while operating the Center under a \'full-time researcher system\' to adopt liability management for promotion and performance of projects. It is also planning to cooperate with domestic and foreign institutes that are strong in the LED sector such as the Korea Photonics Technology Institute, Korea Electronics Technology Institute, Korea Institute of Lighting Technology, Electronics and Telecommunications Research Institute, Daegu-Gyeongbuk Institute of Science and Technology.

 Jang, Ja-soon (38, Department of Information and Communication Engineering), who will be overseeing the Center for the next 5 years, stated \"The LED industry, which was worth 14 billion dollars in 2007, is expected to develop and grow to be worth 100 billion dollars by 2015.\" He added, \"The Center will develop and successfully establish an LED-IT fusion Technology complex model through the establishment of an automobile LED light source cluster in Gyeongsan, a medical LED cluster in Daegu, and an LED display lighting cluster in Gumi in order to act as a hub for pursuing the LED-IT fusion industry that is worth hundreds of billions of won.\"

 Meanwhile, Yeungnam University, which is in pursuit of the \'Global Frontier 10-3-10\' strategy aiming at becoming one of the top 10 universities in the 3 major fusion and integration research areas within 10 years, is expected to spearhead the \'green energy and green growth\' sector through the establishment of the Center.

 On this, Lee, Hyo-soo, president of Yeungnam University, stressed \"By accelerating the GIFT Plan (Green Innovation For Tomorrow Plan) for the future society, we will embody the Glocal Initiative in the green growth sector, while presenting a successful model for the fusion and integrated research paradigm.