SEOUL, KOREA - Samsung Electronics will replace all its lightings with LED (light-emitting diode) lamps, thereby saving energy by a large margin as part of the nation-wide electricity-saving campaign. To that end, the company will invest up to 1.5 trillion won by 2015.
The Ministry of Trade, Industry, and Energy held on June 19 a kickoff ceremony for the energy-saving initiative in partnership with 15 large corporations including Samsung and Hyundai Motor. Right after the ceremony, Samsung held a briefing session with reporters and said this.
For example, the company will increase the LED lamp introduction ratio to 100 percent by 2015 from current 26 percent. In order to achieve that goal, it will spend 300 billion won. Other companies such as LG Chem, Korea Zinc, and Doosan Heavy Industries are following suit in the cause.
Lighting accounts for 17.3 percent of the nation's total electricity consumption as of 2010. The energy consumption of LED lamp is only a tenth of incandescent lamp and a half of fluorescent light bulb. Only a few years ago, the price of a 60-watt LED lamp was in excess of 40,000 won. Now, the price has come down to a level of only 7,000 to 8,000 won.
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