LED industry’s supply and demand is likely to reach equilibrium sooner than predicted as price falls ease in price falls in 2013 due to exodus of Chinese LED manufacturers, said David Chung, Genesis Photonics Inc. (GPI) chairman during the Sustainable Green Development Global Green Business Outlook 2014 conference held by the Ministry of Economic Affairs on December 17th, 2013. The LED industry could see a rebound after the 2014 Lunar New Year.