South Korea also fight to save energy in 2020 LED light penetration rate is expected to rise to 60%

Yonhap News report, South Korea green Presidential Commission recently announced that South Korea plans before the end of 2020 the use of LED lighting equipment accounted for the proportion increased to 60%, in order to reduce power consumption. According to this plan, the South Korean government will spend 200 billion won in 2012, 2013 ($185 million), the state enterprise, government office lighting equipment for LED lamps, lighting equipment is expected to 2020 all public service will use LED bulbs. The government also plans to replace the street lights in the next few years, LED lights. In order to encourage private enterprises to follow up, the South Korean government will provide subsidies to small stores and traditional markets, and private enterprises to give up to 30% tax breaks. The South Korean government before the end of 2015 will set aside up to 100 billion won as a national subsidy program budget. The Commission said that if South Korea by the end of 2020, the National Lighting successfully converted to LED, it will save seven or eight generating capacity of 500000 kilowatts of fossil fuel power plant generated electricity. In addition, the new LED is expected to bring demand for the Korean domestic market will create 1 trillion won business opportunities.