South Korea's Dongbu acquired LED lighting supplier FAWOO to build a vertical integration system

[High-tech LED News] Recently, South Korea's Dongbu Group successfully acquired FAWOO Technology through its semiconductor manufacturing company Dongbu HiTek. After the completion of the merger, the name of Dongbu HiTek was changed to Dongbu Lightec.

The product name of the LED lighting product "LumiDas" operated by FAWOO Technology will continue to be used by Dongbu Lightec, and the FAWOO Technology Japan distributor FAWOO has no renaming reservation, and the operation will continue to maintain the status quo. The second-tier agents Lumidas Japan and the Otsuka Chamber of Commerce will continue to sell LED lighting products, and will not make any major adjustments to the sales system.

In addition, Japan AM, which invested in Japan FAWOO and represented FAWOO products, has stopped selling FAWOO LED lighting products on July 6, 2011. The company currently has a debt of approximately 800 million yen and is being fully responsible for the aftermath of the lawyer.

It is reported that Japan AM entered the LED lighting business in September 2007. Sales in fiscal year 2009 were approximately 1.846 billion yen, and fiscal year 2010 was approximately 1.295 billion yen. Under this circumstance, in September 2010, the company transferred some LED lighting products sales business and employees to NOAH, which operates LED lighting products and semiconductor production inspection devices. However, the business cooperation between Japan AM and NOAH was lifted in April 2011.

While Dongbu Lightec is involved in LED lighting, it is still building a vertically integrated system around LED-related products. By using FAWOO Technology's existing plants, we will achieve the goal of ensuring the competitiveness of our LED business in the short term. The company also acquired South Korea's ALTI Semiconductor in July.

In addition, on July 1, 2011, Japan passed the "Decree on Amending the Part of the Implementation of the Electrical Appliances Safety Law", and the "Electrical Appliances Safety Law" added with "LED Light" and "LED Light Fixture" will be in 2012. Implemented on July 1.

Therefore, companies that used to buy and sell LED lighting fixtures need to confirm whether the LED lighting fixtures they operate are in compliance with the Electrical Appliances Safety Law. Therefore, when overseas LED lighting companies launch products to the Japanese market, it is becoming more and more important to accumulate professional knowledge in order to meet the needs of Japanese companies.