This post is the first of five based on last Friday’s Investment Seminar, organized by the Investment Partnership Support Team.
First established in 2009, the Investment Seminar series is designed to educate investors about particularly attractive Korean industries, and to present investment opportunities in Korean SMEs from within these fields.
About sixty investors and industry observers attended the first seminar of 2010, which was on the topics of the global and Korean photovoltaic (PV) and nanotech industries.
Investment Seminar: PV & Nanotech Industries
Leading off was Kenny Kim VP of Solar&Energy (the renewable energy research division of Displaybank) with his presentation “Toward Grid Parity – ‘V’ shaped growth of the PV Industry“
Kenny Kim presents on global and local PV industry trends
Below is a summary of the presentation –
Mr. Kim began by taking a look at the global PV industry, highlighting the current solar cell oversupply, before demonstrating the V-shaped growth forecast, with a 38% growth rate forecast for 2010 -
(Property of Displaybank)
He also touched on the global market scale and revenue forecast up to 2013, forecasting 8.3 GWp of PV installations, and US$22.3 bn in production revenue, down from US$23 bn in 2009 -
(Property of Displaybank)
Taking a look at the market by technology, thanks to decreasing manufacturing costs, and increasing efficiency, the market share of thin-film solar cells is set to keep growing, accounting for 26.7% of total market share in 2013 -
(Property of Displaybank)
Then narrowing the focus to South Korea’s PV industry, Mr. Kim highlighted that the sum of South Korea’s Solar cell companies operating ratio had increased to 68.4% by the fourth quarter of 2009, up from 30.5% in the first quarter -
(Property of Displaybank)
Taking a closer look at South Korea’s PV market, the presenter noted that in 2010 the downward trend would slow, before turning around in 2011 with 25% growth -
(Property of Displaybank)
Then looking at where Korea sits in the global market, Korea is forecast to occupy 2% of global market share in 2010, whilst in the polysilicon division Korea’s market share is set to grow from 11% last year to 18% in 2012 -
(Property of Displaybank)
Looking much further ahead to 2020, Mr. Kim forecast that Korea would be responsible for 32.2% of the global solar cell production basing this assumption on Korea’s strength in related industries, such as semiconductors and display -
(Property of Displaybank)
The materials remain the property of Displaybank and should not be reproduced without their written permission. They can be contacted at displaybank@displaybank.com.
For more information on the presentation, opportunities within Korea’s PV industry, or about other upcoming events please contact Ms. Soomin Lee on +82-2-3460-7539, or at investment@kotra.or.kr.
(Translating by Han Doo-hee)
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