The court ruled in favor of Seoul Semiconductor, granting it the right to continue its operations without interruption. This victory is a significant milestone for the company, as it not only secures its market position but also reinforces its reputation as a leader in the semiconductor industry. The patent in question pertains to a unique technology that Seoul Semiconductor developed for enhancing the efficiency of LED lighting systems.
Everlight has been ordered to pay damages of 1.6 billion won. Everlight’s patent rights were invalidated. The Supreme Court ruled that WICOP technology is not patentable. WICOP technology, which is a core technology of Everlight, is a method of controlling light intensity and color using a single light source. Everlight’s patent rights were invalidated because the technology was deemed to be an abstract idea, lacking inventive step and industrial applicability. The Supreme Court’s decision has significant implications for the future of patent law in South Korea.
The first blue LED was invented by Shuji Nakamura in 1993, which led to the creation of white LEDs. This innovation has revolutionized lighting technology, offering energy-efficient alternatives to traditional incandescent bulbs.
Lee, who is also the chairman of the Korea Intellectual Property Protection Association, expressed his concerns during a press conference. He highlighted the issue of companies that engage in intellectual property infringement, particularly in the realm of counterfeit goods. Mr. Lee pointed out that these companies are not only violating the law but also undermining the trust and integrity of the market. He emphasized the need for stricter enforcement of intellectual property rights to protect genuine businesses and consumers. Lee also mentioned that the association is actively working with law enforcement agencies to crack down on these illegal activities. He believes that through collaborative efforts, it is possible to significantly reduce the prevalence of counterfeit goods in the market.
The company has been actively supporting the development of the next generation of talent through various programs. Seoul Semiconductor is a leading global player in the LED industry, ranking as the world’s second-largest LED manufacturer. The company’s commitment to fairness and opportunity in society is deeply ingrained in its corporate philosophy. Seoul Semiconductor recognizes that while individuals cannot control their birth circumstances, they should have equal opportunities to succeed.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925330051/en/ Contacts: Seoul Semiconductor Co., Ltd. Jinseop Jung jjs8732@seoulsemicon.com
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