Lightwave Logic Inc (LWLG)

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https://www.cnbc.com/2024/05/12/south-korea-prepares-support-package-worth-over-7-bln-for-chip-industry.html

South Korea's Investment in Electro-Optical Polymer Materials for Photonic Chips
South Korea is actively investing in the research and development of electro-optical polymer materials for photonic chips. This effort is driven by the potential of these materials to revolutionize various industries, including:
Telecommunications: Electro-optical polymers can be used to create high-speed, low-power optical modulators and switches, which are essential components for next-generation optical communication networks.
Data centers: photonic chips made from electro-optical polymers can significantly increase the bandwidth and energy efficiency of data centers, leading to faster data processing and reduced operating costs.
Medical imaging: These materials can be used to develop miniaturized and cost-effective optical coherence tomography (OCT) systems for high-resolution medical imaging.
Sensors: Electro-optical polymers can be used to create highly sensitive and selective chemical and biological sensors, which have applications in environmental monitoring, food safety, and medical diagnostics.

Here are some specific examples of South Korea's investment in this field:

Government funding: The Korean government has allocated significant funding for research and development projects of approximately 8.3 million USD.

Several universities in South Korea are actively conducting research on electro-optical polymers for photonic chips. For example, researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a new type of electro-optical polymer that exhibits high performance and stability.
Industry collaboration:South Korean companies are also collaborating with research institutions to develop and commercialize electro-optical polymer-based photonic chips. For instance, LG Electronics has partnered with the Korea Institute of Science and Technology (KIST) to develop high-speed optical modulators for 5G and beyond communication networks.
Overall, South Korea is making significant strides in the development of electro-optical polymer materials for photonic chips. This investment is expected to lead to the development of innovative and transformative technologies with applications in various industries.