July 17, 2012
Corporate Espionage: LG Workers Accused Of Theft From Samsung Over OLED Technology
John Neumann for redOrbit.com - Your Universe OnlineYonhap. LG executives were included in the group, with six of them being identified as former or current employees at Samsung Mobile.
In a statement, Samsung said it stands to lose “trillions of [Korean currency] won” from the leak. “Executives of LG Display, which lacks OLED technology and related human resources, took the lead in this criminal act in order to overcome their shortcomings as quickly as possible,” it added.
However, in a statement sent to Yonhap news agency, LG denied any allegations of involvement and promising to sue its Korean rival for defamation. “LG Display´s products boast excellent technology and even received a presidential award with the OLED panel for 55-inch screens. We do not need Samsung´s technology which works under a totally different display system.”
The information obtained, LG stresses in a separate e-mail, is widely known in the industry and isn´t considered a trade secret, writes The Register´s Phil Muncaster. Seoul-based LG Display said it plans to take legal action against Samsung Display, a unit of Samsung Electronics, for defamation.
The technology behind OLED displays makes for lighter and thinner screens than traditional LCDs and requires no backlight. The display technology is spearheading the next generation of displays, although its use is restricted mainly to smartphones currently due to the high cost, but as use of OLED increases, prices are expected to drop.
OLED televisions are becoming available as thin as 4 millimeters and produce sharper images than liquid-crystal-display models. Shipments of OLED TVs may surge 62-fold to 2.1 million sets in 2015 from 34,000 in 2012, according to an estimate by iSuppli.