According to the latest price survey conducted by LEDinside, a research division of TrendForce, the price downtrend persisted in the LED market in 3Q11. The price of LED (5630) for TV backlight dropped by 8-15%. Since TV backlight products will start adopting 7030 spec in 2012, South Korea manufacturers have been aggressively digesting the inventory of older specification, which result in a huge price gap in the market.