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LG And Other Korean Giants Face Ban on LED Luminaire Sales

Korean chaebols – giant industrial conglomerates – such as LG and Samsung, have been told that they cannot sell LED luminaires in Korea, in order to protect the interests of smaller manufacturers. LED luminaires were included in a list of 25 business items that are now restricted to production by small companies only. The list was announced by Korea’s Commission for Shared Growth for Large and Small Companies.