In order to balance the light-emitting-diode (LED) current in each channel, many active and passive methods have been investigated. Among the various methods, the passive method using the LLC converter with a blocking capacitor or flyback converter with a current-sharing transformer (CST) in the secondary side is one of the simplest methods because it does not use any active component. However, the LLC driver requires two main switches and external resonant inductor to obtain a wide output voltage range. Also, flyback with a CST requires an additional magnetic component for CST and high-voltage rated diodes, resulting in the limitation of the cost and system volume. In this paper, a single-switch forward-flyback driver for a two-channel LED is proposed. The most powerful advantage of the proposed driver is the cost effectiveness, since it eliminates additional magnetic component. Furthermore, due to the reduced-voltage stress on rectifier diodes compared to the flyback driver, the proposed driver achieves a higher efficiency. The prototype of the 150-100V/0.3-A two-channel LED verifies the effectiveness of this paper.