Arab Today, arab today samsung counters lg with 50bn won advertising suit
Last Updated : GMT 18:07:16
Arab Today, arab today
Arab Today, arab today

Samsung counters LG with 50bn won advertising suit

Arab Today, arab today

Arab Today, arab today Samsung counters LG with 50bn won advertising suit

Seoul - Yonhap

Samsung Electronics Co. has launched a suit against rival LG Electronics Inc. demanding 50 billion won (US$45 million) in compensation for denting its brand value, sources said Monday. In the lawsuit filed with the Seoul Southern District Court on Friday, the world\'s top maker of smartphones, memory chips and flat-panel TVs demanded its home-turf competitor to pay the cited amount in damages, according to the legal sources.

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