Feb 15, 2017: South Korean consortium and Qatari entrepreneurs are planning to set up an LED manufacturing facility in Qatar, informed ambassador Heung Kyeong Park. The LED plant will start producing LED lights by 2017 end.
In the first half of 2017, the construction of the LED plant will start at the Doha Industrial Area. The facility will manufacture customized LED lights for the Middle East and North Africa (Mena) markets. The facility will serve as a showcase project for South Korean small and medium entrepreneurs, Heung Kyeong Park said.
The South Korean consortium consists of 15 small and medium companies that specialise in LED technology. The consortium is currently in discussion with their Qatari counterparts.
The LED plant is expected to have an initial production capacity of 155,000 LED units per year. With this LED project, South Korea aims to share its technology with Qatar. It will also pave the way for investment opportunities, and for developing the local and regional LED industry, which will be an important contributor to Qatar’s economy.
South Korea’s LED industry took off much later than Japan or Taiwan. However, it has advanced at an accelerated rate. However, the country’s LED industry grew sharply compared to Japan, China and Taiwan. The Korean LED industry witnessed three phases—the first was started by upstream LED manufacturers, followed by Samsung and LG’s entry during the peak LED phase, followed by large scale withdraw from the market, in response to emerging Chinese LED industry.