LS Cable's patent victory over Taihan Electric signals further disputes

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LS Cable's patent victory over Taihan Electric signals further disputes - Korea Economic Daily

Quick Summary:

LS Cable & System Co.has gained the upper hand in its years-long patent dispute against Taihan Electric Wire Co.after a South Korean high patent court on Thursday upheld a lower court ruling in LS Cable’s favor.

If the Supreme Court affirmed the ruling in favor of LS Cable, their patent fight will likely escalate into a billion-dollar lawsuit involving the design of LS Cable’s advanced submarine cable manufacturing factory.

South Korean police are now investigating the allegations that LS Cable's factory design for high-voltage direct current (HVDC) cables was leaked to Taihan Electric.