Police raid Samsung’s South Korean offices for alleged OLED technology theft

Offices of Samsung Electronics’ display-making unit have reportedly been searched by the South Korean police as a part of an investigation. The company has been accused for OLED technology theft, and thus investigators at the Seoul Metropolitan Police Agency searched for documents related to the technology at Samsung’s headquarter office in Asan.

According to a Bloomberg report, Nathan Kim, a spokesman for Samsung, told them that the police went to Samsung’s office to investigate if the OLED technology information leak has happened from a partner company or from within the LG Display team, or if Samsung is involved in this case. Though Son Young Jun, a Seoul-based LG Display spokesman has reportedly refused to have put Samsung under allegations this time and said that “The latest investigation is related to large-sized OLED TV panel technology, but the police have made the allegation themselves.” On the other hand, Jun Eun Sun, a spokeswoman for Samsung stated, “We have no reason to steal other companies’ technology, as we have the world’s best OLED technology.”

The two arch rival display makers have been in this Catch 22 situation ever since last year and have been accused of stealing information from one another.