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

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

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

As a result, the company holds about 95% of the markets share for small and mid-sized OLED panels. As manufacturers are preparing their contenders for release, one thing is certain: what will make or break each of those devices will be the flexible OLED display on them.

The president and managing director of Toptec, the vice president of a Toptec affiliate and seven employees of the Samsung supplier were charged by the Suwon District Prosecutors' Office on Thursday.

According to Reuters, the chief executive of supplier Toptec Co Ltd and eight employees formed a shell company and sold the trade secrets to an unnamed Chinese buyer earlier this year for 15.5 billion won ($13.84 million). "Our company will fully cooperate with legal proceedings to find the truth in court", the company stated. The Chinese manufacturer has yet to show off its device, but it is now busy preparing it with the help of BOE. This company would receive documents related to display panels from Samsung subsidiary Samsung Display. The names of the companies and individuals weren't disclosed.

As a little reminder, Samsung has spent in the ballpark of 150 billion won ($134 million USD) over the last six years to create its bendable OLED tech. The technology business is prone to acts of industrial espionage and this is not the first time Samsung has had to deal with having its secrets illegally shared with competitors. Samsung Display also said it would keep a close eye on the upcoming trial.

South Korea has indicted nine people and two companies on suspicion of leaking Samsung smartphone technology to China.