LG Innotek, Osram settle patent lawsuit

LG Innotek said Friday that it has reached an agreement with LG Group and Osram, a light-manufacturing unit of Siemens AG, over a patent dispute.

The three have been engaged in a legal fight. Osram accused LG and Samsung of infringing on patent rights for LED technology in June last year.

LG Innotek said the company and Osram have dropped patent lawsuits in five countries including Korea, U.S., Germany, Japan and China.

LG Innotek added that LG Group, LG Innotek and Osram signed a cross-license partnership contract after the compromise, but refused to disclose specific terms in public.

“Now that the patent battle is over, we expect to form a stronger partnership with Osram in the intellectual property rights sector,” anLG Innotek official said. (joowonc@heraldcorp.com)