Samsung files injunction against LG over alleged tech leakSeptember 5, 2012 - 13:02 AMT PanARMENIAN.Net - Samsung Mobile Display Co., an affiliate of tech giant Samsung Electronics Co., filed an injunction against its rival LG Display Co. over an alleged tech leak, Yonhap reported Sept 5 citing some sources. Samsung recently submitted to the Seoul Central District Court documents about 18 confidential technologies for its organic light-emitting diode (OLED) screens and 21 other relevant details, demanding 1 billion won (US$880,514) from LG Display in compensation for each case of its usage of the cited technologies or making public the information to a third party, according to the sources. OLED panels, which feature slimmer and more vivid screens than common liquid crystal display screens, are much sought after by tech companies around the world. In July, 11 people, including former or current researchers at Samsung Mobile, were indicted on charges of leaking core display technology from Samsung to LG, prompting Samsung to urge its rival to formally apologize and take necessary actions to remedy the situation. "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," he added. LG officials were not immediately available to comment on the case. When Samsung raised its complaints in July, LG Display refuted the allegations and announced it would sue Samsung for defamation at a future time, saying it does not need Samsung's technology "which works under a totally different display system." Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |