Update: the new company was indeed established, but the name is Global OLED Technology
LG Group has decided to create a new company that will handle all OLED patents and technology. It will be financed by LG Electronics, LG Display and LG Chem. The company will be created soon (hopefully before the end of 2009), and will probably be called LG OLED.
The new company will acquire all of Kodak's OLED patents, and will manage license contracts owned by Kodak.
LG Display is producing OLED panels (currently small/medium ones, up to 15", and has plans to start making large-sized OLED TV soon). LG Electronics is already selling OLED phones, and also the 15" OLED TV in Korea. LG Chem are working towards OLED Lighting, with plans to start producing panels in 2010.