Samsung Mobile Display says the leak of its organic light-emitting diode (OLED) screen technology was allegedly planned at the corporate level of LG Display, following the arrest of 11 people involved.
In a Yonhap News Agency report Monday, an unnamed Samsung executive said the company leads the world's OLED screen market with 97 percent share. However, the technology leak will cause Samsung to lose "trillions of won", the official said.
"Executives of LG Display, which lacks OLED technology and related human resources, took the lead in this criminal act in order to overcome their shortcomings as quickly as possible," the source said, adding that LG should take responsibility for the incident.
However, LG Display denied the accusations. "LG Display's products boast excellent technology and even received a presidential award with the OLED panel for 55-inch screens," the company told the news agency.
"We do not need Samsung's technology, which works under a totally different display system," it added.
On Sunday, 11 people were charged for leaking or taking key OLED technology from Samsung, according to a separate Yonhap report. Among the suspects, six were former or current researchers at Samsung while the other five were executives and a sub-contractor from LG Display, it revealed.
Both Samsung and LG have been victims of corporate espionage., Seoul's district prosecutors arrested three workers from an Israeli equipment inspection firm for allegedly stealing and leaking information on the Korean companym' yet-released 55-inch AMOLED TV panels to Chinese rivals.