Government and Manufacturers Promote Korea's Advancement into LED Power

The lighting industry has undergone major changes with the advent of LEDs. The popularity of LED lighting in Japan is expanding day by day, and South Korea is proposing to become the world’s top three LED powers in 2012. Under the circumstances that the government and companies are vigorously promoting the LED industry, South Korea is step by step to become a global LED power.

Japan currently has major manufacturers such as Panasonic, Toshiba, Hitachi, and NEC to develop LED products. In South Korea, under the law for the protection of SMEs, the lighting industry is mostly composed of small and medium-sized manufacturers. Representative manufacturers include Kumho Electric and Southern Song light bulbs. In addition, it includes foreign companies such as Osram Optoelectronics of Germany, Philips Electronics of the Netherlands and General Electric of the United States, and it is also actively developing the Korean market. At present, South Korea's lighting industry with the maturity of LED lighting, has been one of the big manufacturers to invest in LED ranks.

It is understood that Korean lighting industry has long protected SMEs. However, with LED semiconductors becoming key components, major manufacturers such as Samsung Group and LG Group have invested in the LED lighting market. In addition, after 2010, large-scale iron and steel makers Pohang Iron and Steel Group, and oil refining and communications giant SK Group have all stepped into the market.

In addition, Korean venture companies have also been established. At present, there are more than 400 manufacturers that have developed LED lighting in Korea. In the next 2 to 3 years, these manufacturers will inevitably experience market consolidation and elimination. Therefore, the Korean government has adopted "low-carbon and green energy" as a national development strategy and clearly published the measures taken by the government for low-carbon green growth. The key area is the LED industry. The strategy also confirmed the Korean government's active use of LED lighting development.

The South Korean government expects that the global market size of the LED industry in the country will grow to 100 billion U.S. dollars by 2015. In order to ensure its leading position in this huge market, South Korea proposed to increase the LED's market share from 8.3% in 2008 to 15% in 2012. This has led to the development of LED industry-related policies, such as creating a market leader. Demand, ensure global core technologies, and build a stable growth base. The Korean government and manufacturers jointly promote the LED industry, making South Korea's LED power will become a terrible beast in the future. In the face of the strong Korean government’s actions, Taiwan’s indecisive governing unit may have to work harder.

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