LG Display workers charged with stealing Samsung OLED secrets
This report is related to confidentiality argument for the protection of trade secrets. The report investigates the conflict between Samsung and LG. Samsung claims that LG stole its display technology and blame its own Samsung employees. Samsung accused eleven people, including six of its own employees of stealing its trade secrets and it claims that LG has stole its display technology. Introduction
Trade secrets are any confidential business information which provides an enterprise a competitive edge. Trade secrets can be manufacturing or industrial secrets and commercial secrets. It can be in form of ingredients/chemical composition of a product or the details of a manufacturing process. Trade secrets are the information that is kept secret by the companies to give them an advantage over their competitors.
History and background
Samsung Group is a South Korean multinational company. It was founded by Lee Byung-chull in 1938 as a trading company. Its headquarter is in Samsung Town, Seoul Korea. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and are the largest South Korean company. It is worldwide famous brand. According to the founder of Samsung Group, the meaning of the word Samsung is "tristar" or "three stars". The word "three" represents something "big, numerous and powerful"; the "stars" mean eternity. Samsung entered the electronics industry in the late 1960s. In 1938, Lee Byung-chull who belongs to large landowning family founded Samsung Sanghoe, a small trading company with forty employees located in Su-dong. It dealt in groceries produced in and around the city and produced its own noodles. After that Lee started sugar refinery and woolen mill. It was the largest ever in the country and the company took on the aspect of a major company. In 1948, the Hyosung group’s founder joined...