Samsung and LG plan to sign LCD panel interactive license agreement

Samsung Electronics Co., Ltd., a panel maker of Samsung Electronics, and LG Display Co. (LGD), the LCD panel giant, are now preparing to further sign an interactive licensing agreement after ending the infringement of infringement under the mediation of the South Korean government.

Samsung Display CEO Kim Ki-nam said that Taiwan and mainland panel rivals are still rising rapidly in an uncertain economic environment, making the market more and more competitive, which means that South Korea must lead its rivals to develop next-generation panels and strive for more More patents.

Kim said that Samsung is considering an interactive licensing agreement with LG, which will enhance the competitiveness of the two companies in the world.

LGD CEO HanSang-beom also said that Samsung and LG plan to negotiate in early March, hoping to resolve the infringement dispute between the two parties. However, Han believes that it is still too early to talk about the interactive licensing agreement, which is still a step by step.

LGD announced on February 20 that it has withdrawn the South Korean ban on Samsung's "Galaxy Note 10.1" tablet computer from the Seoul Central District Court. LGD said in the statement that the company has decided not to spend time-consuming and intensive lawsuits against Samsung, but will continue to promote fair competition in the market in the future. Samsung Display has revoked LGD's requirement not to use the company's OLED patents a week ago.

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