Metal halide perovskites (MHPs) exhibit remarkable optoelectronic properties, thus attracting widespread attention. Over the last several years, the external quantum efficiencies of perovskite light‐emitting diodes (PeLEDs) have exceeded 20%. Despite great progresses have been made, it remains challenging to realize high performance and stable PeLEDs. Especially, red‐emission PeLEDs still cannot meet the requirement of Rec. 2100 standard. Understanding the relationship between perovskite structure and their photophysical properties will greatly facilitate the development of PeLEDs. In this review, the structural and photophysical properties of MHPs are summarized, emphasizing three archetypes (CsPbI3, FAPbI3, and MAPbI3) of perovskites for red emission. Based on the fundamental characteristics, the recently emerged optical property modulation for obtaining high‐quality red‐emission perovskite films is outlined. Then, the approaches to optimizing electronics property and extending the operational lifetime of red‐emission PeLEDs are summarized. Finally, an outlook on the future challenges and potential directions toward red‐emission PeLEDs is represented.

Metal halide perovskites (MHPs) have emerged as highly appealing materials for circularly polarized luminescence (CPL) related applications, owing to their spin-related photoelectric properties and flexible structural adjustment.