According to the South Korean MTN website on May 5th, recently, Chinese-made LED lights have quickly become popular in major shopping malls and supermarkets in South Korea due to their advantages and low prices. This phenomenon immediately triggered concerns among similar small and medium-sized enterprises in Korea.
According to reports, some Chinese LED lights in the Korean market are currently undergoing a 50% discount. In the face of China's LED lamp price offensive, South Korean domestic products appear to be unattended, and are gradually coming off the shelf.
A person in charge of a lighting company in Gyeonggi Province, South Korea, said that the LED lamp market produced by Korean SMEs is priced at 7,000 won (about RMB 42), while the Chinese LED lights in large supermarkets such as EMART and Lotte Mart are less than 5,000 won. This is the price that Korean SMEs want to compete and can't start.
In addition, some large supermarkets in South Korea have also affixed Chinese products to their own labels for low-cost sales, which not only meets the needs of the Korean circulation enterprises, but also meets the Chinese side's goal of expanding the market share in Korea. But this has made Korean SMEs face new forms of challenges. In addition, in addition to Chinese-made products, lighting products from other countries have quietly entered the Korean market, and South Korean SMEs may face the risk of bankruptcy and bankruptcy.
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