The South Korean government and enterprises hand in the development of solar energy industry

Although South Korea to participate in the PV market competition late, but the rapid pace of development, through unremitting efforts, South Korea is a global leader in the photovoltaic industry, the main raw material polysilicon production.However, the global PV industry downturn, South Korea photovoltaic industry is caught in the dilemma of excess production capacity, major companies cut, the cut-off or even bankruptcy.

Korean export volume of China's polysilicon since 2008, all the way up from fourth place to second place. January 2012 to May, China imported a total of 34,000 tons of polysilicon, a new record high, the cumulative imports amounted to $ 960 million. May, the month, South Korea's exports to China 1752.74 tons, growth of 15.05%, accounting for 22.20%.

July 20, 2012, the Chinese Ministry of Commerce officially announced anti-dumping investigation originating in the United States and South Korea's imports of solar-grade polysilicon countervailing investigation originating in the United States imports of wind turbine inverter grade polysilicon. According to the latest reports, the Chinese government may impose punitive tariffs on imports of polysilicon ingots with effect from February 2013. The industry believes that, in the first quarter of this year, China will publish the outcome of the anti-dumping investigation on the United States and South Korea polysilicon rate of 30% to 50% or even higher anti-dumping duties, resulting in Korea polysilicon industry is facing greater pressure.

Depressed market and the impact of China's anti-dumping investigation, the results of the PV solar cell companies in Korea has begun to decline. Korea's exports of polysilicon, half from OCI. According to reports, the OCI mountains factory operating rate is only 50%, whereas the the # 2,3 Korean polysilicon and Woongjin Polysilicon has filed for bankruptcy protection, Chungcheongnam-KCC polysilicon plant operation only one year been discontinued ; LG Chemical has announced the suspension of 500 billion won investment in polysilicon project; 

South Korea 30 Group, one of the Woongjin Group due to the failure of the solar energy industry for the management of the Court. Hanwha Energy in December 2012, the company's quarterly loss doubled in size at the same time said it would cut the number of shipments expected for the full fiscal year panel. The statistics show that in the of Hanwha third quarter of 2012 net loss of $ 51.3 million, or about ADSs loss of 61 cents per share, and $ 27.9 million net loss in the same period last year Hanwha New Energy Co., Ltd., about ADSs loss of 33 cents per share.