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Domestic LED Lights Due To Inexpensive High Prices In South Korea
- Feb 17, 2017 -

South Korea's electronics industry developed, many powerful world-class business giants: Samsung Electronics, LG Electronics and other firmly occupy the South Korean market is not large. But the recent online news that China-made LED lamps with the advantages of inexpensive, quickly become South Korea's LED lamps hot goods, swept the major shopping malls and supermarkets, and this also to South Korea's small and medium enterprises to bring deep worries.

The Korean Ministry of Knowledge Economy expects the LED market to grow at an average annual rate of 30% per year, and this year's market size is expected to grow from $ 21.4 billion in 2008 to $ 100 billion. The Korean government has introduced a series of policies to improve the competitiveness of South Korea for this huge market. Imported products in South Korea's domestic sales have to meet the KS certification standards, and South Korean local enterprises will be due to changes in the standard to increase the burden of overseas enterprises naturally can not escape its impact.