South Korea ’ s LG Electronics is to acquire an organic light emitting diode ( OLED ) business unit of the U . S . camera and film maker Eastman Kodak Co . According to the electronics industry on Monday , Kodak has recently confirmed to sell its OLED business to LG Group . Kodak is understood to have decided to sell its OLED business in an attempt to secure liquidity and reduce investment places . LG Group said , “ With Kodak ’ s OLED business to be taken over mainly by LG Electronics , LG Electronics ’ current OLED business is forecast to be broadened . ” However , the group added that no further details including a sales price can be disclosed . Furthermore , the two firms have agreed to settle legal disputes on digital camera by deciding to share relevant patents over digital camera . The two companies had filed complaints against each other to the U . S . International Trade Commission last year as well as early this year for infringement of patents related to an automatic focus and a voice production technology of digital cameras installed on camera - phones . [ Eun - jung Kim / edited by Jae - yoon Jung ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]