Yonhap News AgencyApril 2, 2013 22:15
SEOUL, April 3 (Yonhap) -- A South Korean company will set up a joint venture in Qatar that will produce light-emitting diode (LED) lighting systems to meet growing demands there ahead of the 2022 FIFA World Cup finals, the Seoul government said Wednesday.
The Qatar Korea LED Consortium, together with Qatar's state-run QATAR Intermediate Industries Holding Co., Ltd., will invest 40 billion won (US$35.7 million) to build a production facility that will begin manufacturing LED lighting systems from 2014, according to the Ministry of Trade, Industry and Energy.
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