OLED Agreement to Raise Material Manufacturing

Idemitsu Kosan of Japan and Doosan Corporation of South Korea have concluded a memorandum of understanding,covering a new OLED business arrangement and cross-patent licensing agreement.

Under the terms, each company will be able to develop, manufacture and sell OLED materials in the area of the other’s material-related patents – under certain conditions. It is expected that the development and supply of OLED materials will be accelerated by this agreement.