The Korean company Seoul Semiconductor, founded by the son of a farmer, has achieved the top 3 in the global LED market with its patented 2nd generation LED technology

Step onto Wall Street with StreetInsider Premium. Request your 1-week free trial here.

– Seoul Semiconductor Brings Hope to Young People, Small Businesses and Entrepreneurs by Developing a New Story of Light

– “Respect for intellectual property creates new opportunities for fairer growth.”

ANSAN, South Korea – (BUSINESS WIRE) – Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that the company has ranked third in the EU’s global LED market by 2020, based on a report by Omdia, the world’s leading research company.

This press release contains multimedia. The full version can be found here: https://www.businesswire.com/news/home/20210414006012/en/

Figure 1. Market shares for packaged LED in 2012 and 2020 (Chart: Business Wire)

According to the Omdia report for LED Supply & Demand Market Tracker, Seoul’s third-place ranking is a first-time success, posting USD 898 million of the total packaged LED market, up 4.3% year-over-year to Lumileds, a LED, outperforming manufacturers in the USA

Seoul has invested approximately 10% of annual sales in research and development for over 30 years, with a focus on optoelectronic semiconductors, including an investment of over $ 100 million, and now has a portfolio of more than 14,000 patents – the largest amount in the LED industry worldwide. In addition, Seoul has advanced the development of second generation technologies and has prevailed in numerous patent disputes in the US and Europe by successfully obtaining permanent orders and recalls of the infringing products sold.

“After seeing an article about Jimmy Carter, who was also the son of a farmer to be elected President of the United States, I was inspired. My goal was to achieve more by creating innovative technologies and success stories that can empower young people in Korea and give them hope. During my trip, I have focused our profits intensely on research and development and fought heavily in patent litigation every step of the way. I believe in the culture of fair competition, in which respect for intellectual property is essential, ”said Seoul founder Chung Hoon Lee.

About Seoul Semiconductor

Seoul Semiconductor is the world’s second largest global LED manufacturer, 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 and IT products such as cell phones, computer screens and other applications. The company’s first technologies worldwide, with the packet-free LED WICOP, become the LED industry standard and the world’s leading market. an AC controlled high voltage LED, Acrich; an LED with 10 times the output of a conventional LED, nPola; a UV clean technology LED, Violeds; an all-directional light-emitting technology; filament LED; a natural spectrum LED, SunLike; and more. Further information can be found at www.seoulsemicon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210414006012/de/

Seoul Semiconductor Co., Ltd.

Jeonghee Kim

Tel .: + 82-70-4391-8311

Email: [email protected]

Source: Seoul Semiconductor Co., Ltd.