Samsung Files Injunction Against LG Over Display Technology Leaks, Seeking 1 Billion Won For Each Case

Posted on Sep 5 2012 - 8:48am by Editorial Staff

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According to Korean newswire Yonhap, Samsung has filed an injunction against its rival LG over an alleged tech leak. The South-Korean giant submitted complaints to the Seoul Central District over 18 “confidential technologies” around its organic light-emitting diode (OLED) screens and has added 21 other “relevant details.” The company said to be seeking damages of $880,000 (1 billion won) for each case where LG either used Samsung’s technologies or communicated them to third parties.

“LG Display has consistently acquired our OLED technologies and other business secrets by inducing our researchers to transfer,” a Samsung official said. “Over the past 10 years, we invested more than 1 trillion won in the field. Thanks to our efforts, we now hold exclusive tech that allows us to claim nearly 99 percent of the world’s OLED market.”

(Image Source: Samsung logoFeatured Image)

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