SEOUL, Feb. 12 (Yonhap) -- Samsung Display Co. on Tuesday dropped an injunction aimed to block LG Display Co. from using its organic light-emitting diode (OLED) technology, raising hopes the two rivals are moving to settle their display technology dispute.
The two companies have been involved in a legal tussle following investigations on an alleged leak of Samsung Display's technology to LG Display. In July, 11 people affiliated with the Samsung unit were indicted on charges of leaking core technology to its competitor.
In September, Samsung Display filed an injunction seeking a ban on the use of 18 confidential technologies for its OLED displays and 21 other relevant details, which evolved into an all-out dispute involving their key affiliates Samsung Electronics Co. and LG Electronics Inc.
Samsung Display and LG Display again squared off in December by expanding their patent infringement suits to liquid-crystal display technology.
In a reconciliatory move, however, Samsung Display has submitted a document canceling the injunction, according to the Seoul Central District Court.
Samsung Display declined to provide a statement on the issue.
The latest development follows a recent meeting spearheaded by the Ministry of Knowledge Economy and attended by the chief executives of the two display makers.
Earlier this month, Samsung Display chief Kim Ki-nam and LG Display chief Hang Sang-beom agreed to resolve their patent dispute through dialogue.
While the two rivals are still entangled in three litigations over display technology patents, the injunction invalidation is seen as a move to resolve their wrangling over display technology.
Samsung Display and LG Display, which together control nearly half of the global display market, have been competing over the latest technologies such as curved OLED screens.
In 2012, Samsung and LG's global market shares came to 24.5 percent and 23.4 percent, respectively, according to the data by market researcher NPD DisplaySearch.
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