Let R be a ring with identity 1, I(R) be the set of all idempotents in R and G be the group of all units of R. In this paper, we show that for any semiperfect ring R in which 2 = 1+1 is a unit, I(R) is closed under multiplication if and only if R is a direct sum of local rings if and only if the set of all minimal idempotents in R is closed under multiplication and eGe is contained in the group of units of eRe. In particular, for a left Artinian ring in which 2 is a unit, R is a direct sum of local rings if and only if the set of all minimal idempotents in R is closed under multiplication.