A person familiar with the situation has told Dow Jones Newswires that the stake sale process hasn't been going well with no particular company showing an interest in the Hynix stake.

LG Display has signed a patent cross-licensing technology deal with Taiwan-based LCD panel maker HannStar Display.

Eastman Kodak Company has announced that it will sell all the assets associated with its OLED business to a group of LG companies. Financial details were not disclosed.

"The group's top decision makers have reached a broad consensus that more measures would be needed to nurture future growth engines. But that doesn't necessarily mean LG will participate in an auction next month," an LG representative said. Despite such internal views, market analysts say LG could be the "right buyer" for Hynix.