South Korean prosecutors charge nine people for selling Samsung's flexible display tech

South Korea charges 9 people with selling Samsung secrets to China

South Korea charges 9 people with selling Samsung secrets to China

South Korea has indicted nine people and two companies on suspicion of leaking Samsung smartphone technology to China. China, of course, being the home country of Huawei, which like South Korea-based Samsung is racing to bring a device with a foldable display to market soon. The group of nine people then sold these documents and "3D lamination" technology to an unnamed Chinese company between May and August of this year for 15.5 billion won (~$13.8 million).

Prosecutors called the 3D lamination display technology "national core technology" that took engineers six years and the equivalent of $134 million to develop, Reuters reports.

Samsung has said that they have arrested three employees and is working with the authorities to arrest and charge the remaining employees as well. In a statement, the company shot back: 'Our company has never provided Samsung Display's industrial technology or business secrets to a Chinese client.

Two others who were also allegedly complicit in leaking the technology, but worked for a separate Chinese company, were not indicted.

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With the race for foldable smartphones and flexible displays about to begin, Samsung remains the only runner that is making its own displays. Compared to the latter, OLED displays provide better energy efficiency and are able to deliver an infinite-contrast image due to the manner in which they generate true blacks - as every pixel on an OLED panel is lit individually, such solutions deliver black image sections by simply not lighting up certain viewing areas.

Toptec is denying the trade secret theft accusations. "Our company will fully cooperate with legal proceedings to find the truth in court".

The Korean tech giant said that they will be beefing up their efforts in order to increase the safety and security of their technology so that no one else can make such efforts again and the technology remains protected with them.

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