Idemitsu Kosan and LG Chem announced a new collaboration agreement that will allow both companies to use each other OLED material-related patents in certain areas.

IDEL Korean OLED plant photo

Idemitsu and LG Chem hope that this collaboration and patent sharing agreement will accelerate the development of new high-performance OLED materials. Through this cooperative arrangement, both companies will strongly support the OLED business of LG Display - but will also offer the outcome of this collaboration to other display companies.

Idemitsu Kosan recently announced a plan to expand its OLED material production capacity by 70%. In the past two years the company signed development agreements with BOE Display, Merck and Doosan Corporation. In January 2016 we posted an interview with Idemitsu's electronics materials chief.

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