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The lack of resources in South Korea has made energy conservation one of South Korea's national strategies, and the LED industry, which has significant energy conservation and environmental protection significance, has received much attention from the Korean government. The Korea Ministry of Industry, Trade and Resources announced on July 16 that South Korea will permanently stop importing and manufacturing incandescent bulbs with low power efficiency from January 1, 2014.
Encouraged by the policy, South Korea's LED lighting industry has developed rapidly. The Posco Group, which is headed by large-scale iron-manufacturers, and the SK Group, which has advantages in oil refining and communications, also expressed their willingness to enter the market. Through large-scale investment by large companies, South Korea has jumped to the second place in the global supply chain such as LED chip manufacturing in a short period of time.
South Korea has replaced LED lighting. The final large enterprise group has not only become the mainstay of production and management, but also the backbone of foreign trade, and is the core force for technology development, foreign investment, and information gathering. There are about 900 companies engaged in LED lighting business in South Korea. Samsung Electronics (LED Lighting is part of the Life Appliances Division), LGInnotech, Seoul Semiconductor and other three world-class manufacturers have entered the top five global LED revenues. South Korea's next goal is to achieve the top spot in the global LED industry by 2020.
In order to realize the popularity of LED lighting from the source, Korea made a decision to gradually abolish incandescent bulbs as early as 2008. At present, there are still about 30 million incandescent bulbs still in use in South Korea, which has great potential for energy saving, and has also prompted South Korea to accelerate the replacement of energy-saving LED lighting products. It is reported that about 99 of the incandescent bulbs used in about 8,000 public buildings in Korea will be replaced.