LG InnoTek sells 114 Korean LED patents to Chinese firm

LG InnoTek has completed selling its 114 patents in South Korea related to LED technologies to Chinese company Suzhou LEKIN Semiconductor.

The deal follows that of LG InnoTek’s selling of its 1,968 patents in the US related to LED to the same Chinese company. In total, LG has handed over 1,977 US patents to LEKIN.

Out of the 114 patents that were recently handed over, around 100 patents are pending patents that are yet to be registered.