ALEXANDRIA, Va., July 16 -- United States Patent no. 12,363,299, issued on July 15, was assigned to LG Electronics Inc. (Seoul, South Korea).

"Method and device for encoding/decoding image using color space conversion, and method for transmitting bitstream" was invented by Jie Zhao (Seoul, South Korea), Seung Hwan Kim (Seoul, South Korea), Hendry Hendry (Seoul, South Korea) and Seethal Paluri (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided are an image encoding/decoding method and device. An image decoding method performed by an image decoding device according to the present disclosure includes the steps of: determining a quantization parameter of the current block on the basis of...