Samsung Offices Raided By Police Over Alleged LG Technology Theft

Samsung Offices Raided By Police Over Alleged LG Technology Theft


By Jamie Condliffe, Apr 10, 2013 4:26 AM

Police have raided one of Samsung’s offices in Asan, South Korea, after being tipped off about the possible theft of OLED TV technology from rivals LG.

Bloomberg reports that the police were looking for evidence that people connected with LG had leaked secret OLED data to Samsung. It’s currently not clear what came of the raid, and police have yet to issues a public statement.

Understandably, Samsung is defensive. Speaking to Bloomberg, one spokesperson explained that the company had “no reason to steal other companies’ technology” as it already has “the world’s best OLED technology”. Meanwhile, LG denies speaking to the police in relation to the incident.

It’s not the first time that Samsung and LG have been embroiled in this kind of drama: last year, six LG employees were charged over the theft of OLED technology from Samsung. [Bloomberg via Verge]

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Warm Regards / Ganesh Srinivasan

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About Ganesh Srinivasan Consulting

Management Consultant from India with International Solutions Selling, Projects Implementation, Joint Venture, Collaboration and Procurement experience Building a Global Team of Consultants and Niche Products and Services

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