A new display technology called OLED (organic light-emitting diode) is on the rise, increasingly replacing LCD (liquid crystal display) to make smartphone and television screens. Now, China is seeking to dominate the OLED industry by fair means or foul.
On June 27, South Korean prosecutors announced that it indicted seven individuals—six Korean nationals and one Chinese national surnamed Li—for violating South Korea’s Industrial Technology Protection Act while attempting to pass on core OLED technology to an unnamed Chinese OLED company, according to South Korean news site Aju News. Three individuals, including Li, were arrested and detained.
