Large Korean companies have been told they must withdraw from the Korean market or refrain from expanding, according to an article in Korea Joongang Daily.
Companies such as LG and Samsung have been banned from selling LED luminaires in Korea. LEDs were part of a 25-point list from Korea’s Commission for Shared Growth for Large and Small Companies of businesses restricted to small companies only.
This 25-point list is the second to be announced, the first restricting business giants from expanding in 16 businesses such as red pepper paste and makgeolli beer.
Under the restrictions only small companies will be able to sell LED luminaires into the Korean market. Bigger companies are limited to LED retrofit lamps.
The ban only applies to the domestic market, LED sales will still be allowed overseas.