An LED driving circuit includes: (a) a current mirror circuit having N-channel MOS transistors whose respective gates are connected with each other, (b) a constant current source for supplying an LED driving current to an N-channel MOS transistor 4, (c) an LED connection terminal, connected with the N-channel MOS transistors, for connecting the LED, (d) an inverter and an input-terminal respectively for inputting, to a source of the N-channel MOS transistor, an ON/OFF signal for controlling ON/OFF of the LED, and (e) a peaking circuit, connected with a drain and source of the N-channel MOS transistor, for generating a peaking current used in peaking a current flowing into the LED. With this arrangement, it is possible to provide an LED driving circuit that easily realizes low current consumption and high-speed emission for the LED. With such an LED driving circuit, an optical transmitter for use in an optical fiber link can also be realized.