On September 10th, South Korea’s Ministry of Economy and Finance held a key industrial meeting in Seoul, naming SiC power semiconductors as one of four priority projects for national strategic advanced materials and components—showcasing its ambition.
The government set a bold goal: boost SiC power semiconductor technical self-sufficiency from 10% now to 20% by 2030. To hit this, it will fully support core tech development across the entire SiC supply chain (materials, devices, modules) and prioritize talent cultivation to fuel industry growth.
As a next-gen semiconductor, SiC plays a key role in EVs, renewable energy, and aerospace. The global market is projected to soar from $3.4B in 2024 to **$10.3B by 2030** (20% annual growth)—a chance South Korea doesn’t want to miss.
Beyond SiC, the government also backs graphene (“dream material”). While South Korea has invested in original graphene tech and made prototypes (e.g., display heat-dissipating materials), it’s still early in commercialization. Next, it will focus on graphene commercialization tech and supply-demand cooperation to speed up large-scale use.
ICgoodFind: South Korea’s heavy investment in SiC and related fields could help it gain an edge in global semiconductor competition—its future moves merit close industry attention.
