“South Korean police searched the offices of Samsung Electronics Co.’s display-making unit yesterday in connection with an investigation into alleged technology theft,” Jungah Lee reports for Bloomberg. “Samsung Display Co., which dominates the market for organic light-emitting diode, or OLED, panels, said investigators at the Seoul Metropolitan Police Agency went to its headquarters in Asan, south of the capital, and searched for documents related to the technology.”
“Police are investigating whether partners of rival panel maker LG Display Co. (034220) leaked technology secrets and whether Samsung (005930) is involved, Nathan Kim, a spokesman for Samsung, said by phone today,” Lee reports. “The two companies have been involved in criminal probes of alleged technology theft since last year. In July, six employees of LG Display were charged over theft of OLED technology from Samsung.”
Lee reports, “‘We have no reason to steal other companies’ technology, as we have the world’s best OLED technology,’ Jun Eun Sun, a spokeswoman for Samsung, said by phone today in Asan.”
MacDailyNews Take: Nooooo, of course not. The gall.
Lee reports, “LG Display said it didn’t report Samsung to police in connection with the current investigation. ‘The latest investigation is related to large-sized OLED TV panel technology, but the police have made the allegation themselves,’ Son Young Jun, a Seoul-based LG Display spokesman, said by phone today.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Bookr” for the heads up.]
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