South Korea is committed to becoming one of the world's three largest producer of LED

According to Yonhap reported that the South Korean government plans to increase investment in facilities and R & D efforts to fight for the South Korea in 2012 to become the world's three largest semiconductor light-emitting diode (LED) producing countries.

22, the South Korean government said that the plan requires the government to invest in R & D areas and infrastructure investment in this area will reach 400 billion won (about $383 million). Currently, South Korea LED manufacturers are about 3 trillion won to upgrade and build new production lines. At present, the total output value of Korean LED products is $1 billion 200 million.

South Korean government officials said that the government will assist in the establishment of a scale of 50 billion won in 2009 to purchase funds to promote the production and application of LED.

LED products than traditional lighting equipment to save electricity 80%, and thus more environmentally friendly. In recent years, information technology, digital equipment and medical equipment and other areas of the demand for such products increased significantly.

Source: Xinhua