LG Display Co. said Wednesday it has dropped its request for a domestic sales ban on Samsung Galaxy Note

10.1 devices, raising hopes the No. 2 display maker and its rival Samsung Display Co. are inching closer to settling their longstanding quarrel over display technology.

LG Display and Samsung Display, the world’s two biggest display makers, have been involved in a legal squabble over organic light-emitting diode and liquid-crystal display technology following investigations into an alleged leak from Samsung to LG last year.

In September, Samsung Display triggered the legal tussle by filing an injunction banning the use of its OLED technology. The dispute later expanded into an all-out patent feud involving their key affiliates Samsung Electronics Co. and LG Electronics Inc.

As part of the move, LG filed a sales ban injunction against the two Samsung units in December, claiming the Galaxy Note 10.1 infringes three of its LCD-related technology patents.

In a statement, LG Display said it has submitted a document to the Seoul Central District Court to nullify the application “based on its intent to resolve the issue peacefully.”

“LG aims for fair competition instead of an exhaustive emotional fight. It plans to find resolutions on the assumption that the two companies accurately measure the value of patents and patent rights through working-level negotiations,” the company said.

The decision comes a week after Samsung Display dropped an injunction request aimed to block LG from using its OLED technology.

The reconciliatory moves follow a government-led meeting aimed at resolving the patent fight between the two display giants, which together control roughly half of the global display market. (Yonhap News)