By John Koetsier, Venture Beat:
Samsung owns 99 percent of the world’s OLED market. Which is one reason why, the company claims, Korean rival LG has been hiring its engineers and stealing its intellectual property.
So Samsung is suing LG in a Seoul court.
It might appear to be a case of the pot calling the kettle black, considering Samsung’srecent loss in the iPhone patent case. However, this is a very different scenario.
According to the complaint, LG has been systematically recruiting key Samsung engineers, who are breaking non-compete employment contracts by signing on. As a Korean news agency states, Samsung claims that ”LG Display has consistently acquired our OLED technologies and other business secrets by inducing our researchers to transfer.”
11 people were indicted for stealing or improperly sharing Samsung’s corporate secrets in July, including a key engineer in Samsung’s development of AMOLED technology (Active-Matrix Organic Light-Emitting Diode)… Read more