- Removes possibility for legal dispute over intellectual property
Hyosung won a lawsuit over a patent of spandex textile against a Japanese textile company. The court ruled in favor of the Company in the lawsuit and against Asahi Kasei, a Japanese textile maker, concerning a method to improve chlorine-resistance, saying that Hyosung's technology does not violate the patent right of the Japanese concern. The chlorine-resistant textile, which is often used in innerwear, socks and swim suits, is characterized by its nature of sustaining the original functions of spandex. Now that the Company has won the lawsuit, the possibility of a legal dispute over intellectual property rights has been removed, and the Company plans to ensure the protection of the its rights, and privileges.
