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Korean Company Founded by the Son of a Farmer, Seoul Semiconductor Achieves Top 3 Spot in Global LED Market With 2nd Generation LED Patented Technology

04/15/2021 | 12:41am EDT

- Seoul Semiconductor inspires hope for young people, small businesses, and entrepreneurs by developing new history of light

- “Respect of intellectual property creates new opportunities for more fair growth”

Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that the Company has achieved the third rank in the global LED market of 2020, based on a report released by Omdia, global research leader.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210414006012/en/

Figure 1. Packaged LED market shares in 2012 and 2020 (Graphic: Business Wire)

Figure 1. Packaged LED market shares in 2012 and 2020 (Graphic: Business Wire)

According to the Omdia report for LED Supply & Demand Market Tracker, Seoul’s ranking of the third is a first time achievement, recording shares of USD 898 million in the total packaged LED market with growth of 4.3% year after year to surpass Lumileds, a LED manufacturer in the U.S.

Seoul has continued to invest around 10% of annual revenues towards R&D over 30 years with a focus on optoelectronic semiconductors, including an investment of over USD 100 million, and now holds a portfolio of more than 14,000 patents - the largest amount in the LED industry worldwide. In addition, Seoul has furthered the development of second-generation technologies and prevailed in numerous patent litigations across the U.S. and Europe by successfully obtaining permanent injunctions and recalls of the infringing products sold.

“After seeing an article about Jimmy Carter, who was also the son of a farmer, to become elected as president of the U.S., I became inspired. My goal was to achieve more through creating innovative technologies and success stories that can empower young people in Korea and deliver hope for them. Throughout my journey, I have intensely focused our profits towards R&D and fought strongly in patent litigations every step of the way. I believe in the culture of fair competition, in which respecting intellectual property is essential,” said Seoul’s founder Chung Hoon Lee.

About Seoul Semiconductor

Seoul Semiconductor is the world’s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phones, computer displays, and other applications. The company’s world’s first technologies are becoming LED industry standard and leading global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; a LED with 10X the output of a conventional LED, nPola; a ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament LED; a natural spectrum LED, SunLike; and more. For more information, please visit www.seoulsemicon.com/en.


© Business Wire 2021
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