LED lighting is excluded for the South Korean government in the SME sector outside species have 10 months, the Korean market has been captured Chinese made products. Seemingly, shipments of South Korean brand has been growing, but in fact there are more than 99% belong to the fabless (OEM) or outsourcing design foundry (ODM) in the domestic.
According to MoneyToday Korean media reports, recently LED lighting industry news and Korea Photonics Industry Development Association (KAPID) noted that 2015 certified Korean LED lighting market size of about 1 trillion won (about 850 million US dollars). Over the years, LED lighting market can maintain 10-15% growth rate, but now because of oversupply, low prices and a large bloody war to fight.
Start of 2015, Korean Commission for Corporate Partnership, will be ranked in the SME sector for species excluded LED lighting industry, aims to encourage businesses to invest in large civil LED lighting market outside the government procurement projects, common competition and SMEs, stimulate LED market growing up.
But the situation was unexpected, appearing on the market is not competitive Korean medium and small enterprises, but by China's low-priced products gradually swept the market.
According to the Korea Photonics Industry Development Association data show that in 2013 still belongs to small and medium enterprises during the LED lighting for industry types, the size of the civilian market about 500 billion won, of which 99 per cent estimate is produced in China.
The industry believes that the scale of 300 billion won in government procurement market, because of the LED is still competition in the field is limited to SMEs, can maintain 100% of production in Korea. But in the civilian market, whether it is B2B or B2C area, almost all of China's LED products in the world.
