Samsung seeks complete ban on the sale of LG’s OLED TVs in South Korea
Samsung is seeking a complete sales ban on its rival LG Display’s advanced flat-screen televisions using organic light-emitting diode (OLED) technology. On Wednesday, Samsung filed the injunction request with the Seoul Central District Court. Samsung feels LG Display stole their key OLED technologies and employees. Thus it is seeking a ban on the sale of LG’s OLED TVs in South Korea. Eleven people were previously charged with leaking the Samsung technology, according to prosecutors. Aside from the LG executives, six of the group were apparently former or current employees at Samsung Display.
Samsung is also seeking $1 million in compensation, though LG Display said it doesn’t plan to pay anything to its rival. LG denied all allegations of industrial espionage. It said that Samsung’s request `doesn’t make any sense as LG still believes none of its employees ever tried to steal the OLED technology. OLED is considered the next-generation display technology that could eventually replace the current industry’s mainstream of LCD. Samsung and LG confirmed they will release mass-produced OLED TVs in Korea from this year. The price of a 55-inch OLED TV is 10 times higher than the same size of LCD set.