South Korea Sues Eleven for Selling Samsung OLED Technology to China

South Korea charges 9 people with selling Samsung secrets to China

The indicted employees allegedly established a shell company to pass off the display tech for $15.5 billion won ($13.8 million US).

South Korean prosecutors say Samsung Display has invested 150 billion won into Samsung flexible display technology over the past six years. The reason we are saying this because South Korean prosecutors have arrested nine people who were involved in stealing secrets from Samsung and selling them to the highest bidder in China.

The prosecutors allege that a Samsung supplier leaked blueprints of Samsung's "flexible OLED edge panel 3D lamination" to a company that it had set up.

In a statement, Toptec said: "Our company has never provided Samsung Display's industrial technology or business secrets to a Chinese client".

As noted by OLED-Info.com, this is not the first case. Ltd. for selling information earlier this year about Samsung's OLED panels. This curved OLED edge panel technology is now found on the Galaxy Note 9, and it is bound to come to the Galaxy S10 models early next year. Chinese display manufacturers have been trying to ramp up production of OLED displays for years. The display is also said to come in Samsung's upcoming smartphone. Rumored to be called the Galaxy F or Galaxy Flex, the Android handset in question is expected to be officially introduced at Barcelona-based Mobile World Congress in late February, sporting an unconventional Infinity Flex panel Samsung already unveiled last month. No information on the two other companies that illegally obtained Samsung's intellectual property was disclosed.

According to prosecutors in Suwon, South Korea, the CEO of Samsung supplier Toptec Co. On that occasion, the firm denied leaking trade secrets and attributed the allegations to communication issues with clients, claiming the thereof were of little to no effect.

In a separate statement sent to Reuters, Toptec denied any wrongdoing.

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