Samsung Display Co. on Tuesday dropped an injunction seeking a ban on rival LG Display Co. using organic light-emitting diode technology, raising hopes the two companies are moving to settle their display technology dispute.

The two companies have been involved in a legal tussle over display technology since July when 11 people affiliated with the Samsung unit were indicted on charges of leaking core technology to LG.

In September, Samsung filed an injunction seeking a ban on use of 18 confidential technologies for its OLED displays and 21 other relevant details, which later evolved into an all-out display dispute that also included technologies for liquid-crystal display.

In a reconciliatory move, however, Samsung Display has submitted a document canceling the injunction, according to the Seoul Central District Court.

Samsung Display declined to provide a statement on the issue.

The latest development follows a recent meeting spearheaded by the Ministry of Knowledge Economy and attended by the chief executives of the two display makers. (Yonhap News)