16 Aug 2011

South Korea was the second-largest producer of LEDs last year, according to an article in the China LED Post.

A statement by Korea’s Ministry of Knowledge Economy said that combined worldwide sales by Korean LED manufacturers more than doubled to 6.9 trillion won (US$6.35 billion) last year, compared with 3.1 trillion won (US$2.9 billion) in 2009, and more than tripled from 2.2 trillion won (US$2.05 billion) in 2007.

The government has supported the growth of LED lighting and is encouraging the replacement of incandescent lamps with LED lamps in the private sector by providing tax benefits. The ministry said that LED technology accounts for 14 percent of total lighting systems in municipalities and state-run corporations nationwide, and 8 percent at public institutions.

Need return to News category? Please click here LED News or http://www.eosled.com/news/