11 arrested at Samsung mobile display division

Samsung has revealed that 11 of its employees in its Mobile Display unit have been selling technology to a rival company.

The 11 have been arrested and charged with the theft and sale of AMOLED display technology under development at Samsung.

According to the Yonhap News Agency they were making some good money for their leaks. One researcher is believed to have accepted a payment of nearly $170,000 from an unnamed “local rival firm” in exchange for trade secrets.

That worker was deeply involved with the development of the technology but was annoyed when he failed to get a promotion he wanted.

According to the police, he unsuccessfully attempted to sell the information to another Chinese display manufacturer at that time. It is not clear what the other 10 people did.

The technology was fairly crucial because Samsung is hoping to take the lead in the emerging AMOLED TV market, which could be worth as much as $80 billion.