As South Korea’s two largest electronics chaebols, LG and Samsung have a history of litigation. Recently, a dispute between the companies’ display divisions regarding OLED patents — and the alleged LG theft of OLED tech — has been boiling over, but the pair have agreed to put their differences aside and settle outside the courtroom. The agreement comes after a government ministry persuaded the CEOs of LG Display and Samsung Display to meet in a Seoul hotel to break the legal stalemate. Today’s announcement should spell the end of all lawsuits between LG Display and Samsung Display, including a major LCD lawsuit filed back in December.
LG and Samsung agree to settle OLED and LCD patent disputes with words, not lawyers
Hyunhu Jang contributed to this article
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
