South Korea Charges 11 With Selling Samsung Technology to China
- Suspects accused of stealing tech used to bend Galaxy screens
- Samsung spent 150 billion won on technology, prosecution says
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South Korea charged nine people and two companies of illegally selling Samsung Electronics Co.’s bendable screen technology to a Chinese rival.
The chief executive officer of a Samsung supplier and eight of his employees received 15.5 billion won ($13.8 million) after conspiring with two representatives of the Chinese company to transfer organic light-emitting diode knowhow, according to a statement from prosecutors in Suwon. The names of the companies and individuals weren’t disclosed.