Vect Begins Domestic Sales of SKYWORTH LED Displays... Accelerates Commercialization in the Second Half

KOSDAQ-listed company VECT is initiating practical procedures for the domestic distribution of commercial LED displays from the global electronics manufacturer SKYWORTH. Following the signing of an exclusive distribution agreement, the company has secured product samples and is now preparing for commercialization by carrying out domestic certification and patent review processes.

VECT announced on August 25 that the test products of the SKYWORTH brand LED display for domestic sales were shipped from China on the 21st.

Using these samples, the company plans to prepare for KC certification necessary for domestic sales and review patented technologies to be applied to the products. Afterwards, VECT intends to specify the procedures for local distribution and sales.

SKYWORTH has also worked on localizing products for the Korean market. The company has completed Korean language adaptation for its all-in-one LED products and begun production preparations for a product lineup featuring image correction technologies that differentiate them from existing products, in anticipation of domestic supply.

Previously, in May, VECT signed an exclusive distribution agreement with Shenzhen SKYWORTH Technology Commercial, the commercial display subsidiary of SKYWORTH, for SKYWORTH’s branded LED display products in Korea.

Based on this agreement, VECT has secured the exclusive rights to sell SKYWORTH’s commercial LED display modules, finished goods, and all-in-one products in Korea.

The company explained that securing these samples marks the first practical step toward actual domestic sales following the signing of the distribution contract.

VECT is not limiting itself to simple product sales—it is also seeking to enter the domestic public procurement market. The company plans to apply patented technologies to SKYWORTH LED products, and, after conducting relevant patent reviews, intends to pursue registration as an innovative product or excellent procurement goods with the Public Procurement Service in the future.

VECT’s core strategy is to combine the product competitiveness of SKYWORTH with its own domestic business infrastructure.

SKYWORTH boasts a vertically integrated production system and proprietary control systems, which underpin its cost competitiveness. The company also offers products utilizing next-generation display technologies, such as chip-on-board (COB) and microLED.

VECT aims to secure competitiveness in the commercial LED display market by leveraging its domestic sales network alongside installation and maintenance capabilities. The company’s strategy involves expanding its business scope to include not only product supply but also installation and maintenance, thereby increasing both sales volume and profitability.

The growth potential of the domestic market is also cited as a key driver of business expansion. This is because demand for commercial LED displays is rising amid the spread of digital signage and the ongoing digital transformation among public institutions and enterprises.

According to market research firm IndexBox, the Korean LED display market is expected to grow from a scale of 450 million to 520 million dollars (approximately 680 billion to 780 billion won) this year to a scale of 950 million to 1.2 billion dollars (approximately 1.4 trillion to 1.8 trillion won) by 2035. The average annual growth rate is expected to be around 8–10%.

With LED display orders on the rise in the second half of the year, VECT plans to swiftly complete domestic certification and sales preparations for SKYWORTH products and accelerate its business expansion.

A VECT official stated, "Receiving the SKYWORTH LED samples will serve as the momentum to begin full-scale procedures for domestic sales," adding, "As orders for LED displays have increased in the second half of the year, we will accelerate our commercialization efforts."

This content was produced with the assistance of AI translation services.