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| 11 Charged for Illegally Selling Samsung's Technology to China |
Although the names of the companies and individuals weren’t disclosed for legal purposes, the news already spread that a chief executive officer of a Samsung supplier together and his eight employees have received KRW 15.5 billion for unlawfully selling Samsung’s curved-edge OLED panel to the brand's rival.
Samsung Display expressed that it was “shocked at the results of the investigation by prosecutors, at a time when competitors are intensifying their technological rivalry.”
See Also: Samsung to Overcome “Struggling Status” with the Galaxy S10, Foldable Phone
Suwon Prosecutors also revealed that a South Korean supplier sent Samsung's “3D lamination” technology and other solution to a Chinese screen manufacturer between May and August. Obviously, this was part of their non-disclosure agreement with the Korean tech giant.
Meanwhile, Samsung spent KRW 150 billion in 6 years just to develop this technology.
What can you say? Rivalry gone wrong, isn’t it?
Source: Bloomberg