Korea looks to increase subsidies it has been offering to OLED technology -related business projects to remain ahead of Chinese enterprises Reported Korea Times.

LEDinside surveyed 31 listed LED manufacturers announcements made in 2015 on the website Chinfo, the designated information disclosure website assigned by Notice of China Securities Regulatory Commission. We found 11 companies (including certain company subsidiaries) received subsidies totaling a striking RMB 1.18 billion (US $179 million).

Yankon Lighting announced on December 29 that the company received subsidies from China’s Ministry of Industry and Information Technology (MIIT) for “Industrial upgrade to smart manufacturing and IoT+ mobile support security project—Secured chip improvement and application.”

Taiwan Ministry of Economic Affairs is studying the feasibility of subsidizing households which replace fluorescent lighting and incandescent lights with LED light bulbs, Vice Minister of Economic Affairs Francis Liang made the remark on the sidelines of an investment forum in Taipei, after local media reported earlier that the ministry is planning to spend about US$34 million on a new green energy subsidy program, citing Minister of Economic Affairs Shih Yen-shiang.Liang did not disclose the details of the subsidy program. On last Thursday, Shih said that the min...