South Korea firms jump onto solar bandwagon

Technology News (Sep 30 2010) Fossil Fuel , Solar

1. outh Korea's technology giants are behind the pace in getting on the $35 billion global solar energy bandwagon, but are now making up for lost time, snapping up assets overseas. The push factors are compelling. The markets for their traditional businesses in chips and LCD screens are saturated and their margins thinning while their rivals in Japan and Taiwan are already racing ahead in the green technology arena. This year, the market share of South Korean companies in the global solar cells business is expected nearly double to 4.7 percent versus a year ago, according to Mark Jee, a senior researcher at Solar & Energy, a photovoltaic market research institute in Seoul. (Read Full Article)

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