Samsung Display is reported to end lawsuits against LG, as the government recently stepped in to try and end the dispute that started late last year.
“Samsung Display will seek a solution in a constructive way in the ongoing legal proceedings against LG Display,” Samsung Display Chief Executive Officer Kim Ki-nam told reporters following a regular meeting with other top Samsung executives at Samsung Electronics’ headquarters in downtown Seoul, Wednesday.
His remarks were taken as a sign that the company is willing to seek a compromise in the ongoing patent dispute with LG over OLED technology.
The CEO admitted that he met with a senior official from the Ministry of Knowledge Economy (MKE) Tuesday at the request of Kim Jae-hong, the head of the MKE’s industrial policy bureau.
Samsung initiated the dispute by suing LG, alleging the latter stole its patents related to OLED displays. LG countersued by saying Samsung’s smartphones and tablets infringed on patents used in LG displays.
The government official met with LG Display CEO Han Sang-beom last week and was briefed by Han on the situation between the two companies.
“We can talk with Samsung. The only condition is it started the dispute and it should recognize that. If that condition is met, then we can find ways to end the dispute,” said Han.
The government intervention comes as the two display giants are being challenged by Japanese and Chinese companies in the race for OLED TVs. The dispute is considered “a matter of pride”over display technology.
