LG Electronics Inc., South Korea's second-largest consumer electronics maker, has signed a contract allowing it to use Eastman Kodak Co.'s patented technologies on organic light-emitting diode (LED) panels for portable electronic gadgets, an industry source said.
The agreement is expected to set the stage for LG to speed up its entry into portable display operations and to heat up a competition here with another display maker, Samsung SDI Co., the source said. American film company Kodak holds core technologies for organic LED panels.
LG is currently operating its first production line capable of producing 1 million organic LED panels a month. The company plans to begin mass production on its second organic LED line by the end of this year.
The global market for organic LED panels was worth U.S. $480 million last year and is expected to reach $615 million this year, according to a U.S.-based researcher iSuppli Corp. (Forbes, Yonhap)
to Daily News