According to the Research and Markets, the LED lighting market in South Korea to grow at a CAGR of 22.99% over the period 2014-2019.

Research and Markets pointed that LED lighting is gaining acceptance because of its efficiency and low cost. It is environment-friendly as it helps reduce energy consumption by up to 40%. In addition, LED light has many advantages over other lighting sources such as high intensity of brightness, high energy efficiency, low-voltage and current requirements, low radiated heat, high reliability, negligible UV rays, long lifespan, and ability to be easily controlled and programmed.