Chinese LED light South Korean companies similar to the bankruptcy

Chinese made LED light with the advantages of cheap and fast popular in major shopping malls and supermarkets in korea.

This phenomenon immediately triggered concerns about small and medium enterprises in South korea. South Korea Gyeonggi Do, a lighting company official said, the South Korean small and medium-sized enterprises manufacturing LED lighting market price of 7000 won (about 42 yuan), while the EMART and Lotte Mart and other large supermarkets in the Chinese LED lamps less than 5000 won. This is the South Korean SMEs want to compete can not afford the price.

According to reports, the South Korean market, some Chinese LED lights are in 50 percent off promotions. In the face of China's LED lamp price offensive, South Korea's domestic products seem to be no one, is gradually under the shelf situation.

In addition, some large supermarkets in South Korea will also be affixed to the label of Chinese products for sale, which not only to meet the South Korean circulation enterprises to improve revenue, but also in line with China's expansion of the market share of South korea. But this makes Korean SMEs face new challenges. In addition, in addition to Chinese made goods, other countries have also quietly entered the Korean lighting products market, South Korea may face the risk of bankruptcy and bankruptcy.