Tuesday, April 18, 2006

 

SOUTH KOREAN RFID MARKET GROWING AT A RAPID PACE

The South Korean RFID market is growing at a rapid pace. This can be attributed to the presence of conglomerates like Samsung electronics and LS Industrial systems. These companies are expanding their ass production. The global competition is causing the prices of the tags to be lowered. It seems that the South Korean manufacturers are likely to continue this trend and offer tags at competitive prices. The collaboration between the South Korean government and institute has furthered the growth.

National RFID trial services have played a pivotal role in increasing RFID adoption. The RFID projects that started in 2005 have been deployed in manufacturing operations, logistics, consumer goods, defense, shipping and transport. The logistics market has the highest adoption rate. South Korean vendors are also working with the government and each other in an official organization that will focus on cross-sharing patents.

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