Samsung Electronics says scaling down LED lighting business
By Reuters
Oct 27, 2014 03:52 AM EDT
Regions
South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Monday it was discontinuing its light emitting diodes lamp business in all markets except South Korea.
Samsung Group had identified the LED market as a new growth business back in 2010 after Lee Kun-hee, patriarch of the owner Lee family, returned as the chairman of Samsung Electronics.
Samsung Electronics is the flagship affiliate of South Korea's biggest conglomerate.
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