Police Raid Samsung Display Amid Investigation Into Alleged Leak of Advanced Technology to China
The police have launched an investigation after detecting signs that Samsung Display's advanced technology has been leaked to China.
According to the police on October 2, the Industrial Technology Security Investigation Unit of the Seoul Metropolitan Police Agency conducted a search and seizure at the Samsung Display Asan Campus in South Chungcheong Province the previous day on suspicion of violating the Industrial Technology Protection Act.
It has been reported that the police are investigating allegations that some employees at the site transferred the company's latest organic light-emitting diode (OLED) display technology to a specific Chinese competitor.
Last year, the police uncovered 27 cases of overseas technology leakage, and in the first half of this year, they detected 8 cases. Of these, the majority-25 cases-involved technology being leaked to China. On October 1, former employees of Samsung Electronics were also brought to trial for leaking national core technology, which enabled the development of China's first 18-nanometer DRAM semiconductor.
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The Industrial Technology Protection Act stipulates that leaking national core technology is punishable by imprisonment of at least three years and a fine of up to 6.5 billion won, while leaking industrial technology is punishable by up to 15 years in prison or a fine of up to 3 billion won.
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