Trade Secrets

Case study LG Display workers charged with take Samsung OLEDsecrets Executive compendium This report is related to confidentiality argument for the security measure of trade secrets. The report investigates the employment betwixt Samsung and LG. Samsung claims that LG stole its ostentation engine room and blame its own Samsung employees. Samsung impeach eleven people, including six of its own employees of stealing its trade secrets and it claims that LG has stole its pomposity technology. IntroductionTrade secrets are any confidential disdain selective in readyation which provides an enterp bestride a competitive edge. Trade secrets sack be manufacturing or industrial secrets and commercialised secrets. It can be in form of ingredients/chemical composition of a proceeds or the details of a manufacturing process. Trade secrets are the information that is kept secret by the companies to take back them an advantage everyplace their competitors. business relationship an d background Samsung Group is a mho Koreanmultinational fellowship.It was founded by downwind Byung-chullin 1938 as a traffic corporation. Its headquarter is in Samsung Town,capital of siemens Korea Korea. It comprises numerous subsidiaries and affiliated businesses, most of them unify low theSamsung deformity, and are the wide-rangingst South Koreancompany. It is worldwide famous brand. harmonize to the fracture of Samsung Group, the esteeming of the intelligence informationSamsung is tristar or deuce-ace stars. The word three represents some(prenominal)thing big, numerous and powerful the stars meaneternity. Samsung entered the electronics industry in the late 1960s.You can read also thinly Film Solar CellIn 1938,Lee Byung-chullwho belongs to large landowning family foundedSamsung Sanghoe, a small trading company with forty employees located in Su-dong. It dealt in groceries produced in and close to the city and produced its own noodles. After that Lee started sugar refinery and woolen mill. It was the largest forever in the country and the company took on the aspect of a major company. In 1948, the Hyosung groups founder joined Samsung group and invested in a new company called Samsung Mulsan Gongsa or the Samsung Trading stomach, ith the Samsung Group. The trading whole grew to become the present-day Samsung C&T Corporation. But after some years these both companies Samsung and Hyosung separated cod to differences in management between them. In the late 1960s, Samsung Group entered into the electronics industry. It make several electronics-related divisions, such as Samsung Electronics Devices Co. , Samsung Electro-Mechanics Co. , Samsung Corning Co. , and Samsung Semiconductor & Telecommunications Co. , and made the facility inSuwon which lies approximately 30 km south of Seoul.Its first electronic product was a black-and-white tv make up wizards mind. In 1980, Samsung entered the telecommunications hardware industry. Its early p roducts were switchboards. whence it started to developed the tele knell and telefax manufacturing systems and became the centre of Samsungs mobile phone manufacturing which is one of the top mobile company in the world now. They have produced over 800 million mobile phones cashbox now. Samsung diversified into many areas established Samsung as an industryleader in a wide range of enterprises, locomote into businesses such as insurance, securities, and retail..Samsung started to rise as an international corporation in the 1990s. Samsung became the largest producer of memory chips in the world in 1992, and is the worlds second-largest chipmaker afterIntel. In 1995, it created its firstliquid-crystal displayscreen. decennary years later, Samsung grew to be the worlds largest manufacturer of liquid-crystal display panels. Sony, which had not invested in large-sizeTFT-LCDs, contacted Samsung to cooperate, and, in 2006,S-LCDwas established as a conjugation venture between Samsung and Sony in order to provide a st fitting supply of LCD panels for twain manufacturers.S-LCDwas owned by Samsung 51% dole out and Sony 49% share. As on 26 December 2011 it was announced that Samsung had educated the station of Sony in this joint venture. In the first quarter of 2012, Samsung Electronics became theworlds largest mobile phone makerby unit sales, overtakingNokia, which had been the market leader since 1998. LG Corporationis a South Koreanmultinationalconglomerate corporation organise by Koo In-Hwoi in 1947. It is the fourth-largest company South Korea, after Samsung Group, Hyundai Motors Group and SK group.Its furnish are situated in the LG Twin Towers building in Seoul. LG is specialise in makingelectronics, chemicals, and telecom products. The LG Group was a merger of two Korean companies, Lucky and GoldStar, from which the abridgment ofLGwas derived. The current Lifes Good slogan is a backronym. Before the corporate evoke change toLG, household products wer e sold under the brand name ofLucky, man electronic products were sold under the brand name ofGoldStar. In January 2009 LG was able to buy the domain nameLG. om, for a terms reportedly to be much than $100 million, placing it among the companies who own their two garner brands domain name. 7 In 1994 GoldStar gained sponsorship from The 3DO companionship to make the first 3DO Interactive Multiplayer. In 1995, GoldStar was renamed LG Electronics, and acquired Zenith Electronics of the United States. LG Solar cypher is a subsidiary formed in 2007 to allowLG Chemto supply polysilicon to LG Electronics for exertion of solar cells. In 2008, LG took its first dive into the solar-panel manufacturing pool, as it announced a preliminary deal to form a joint venture with Conergy.Under the deal, set to be completed by years end, LG would acquire a 75 percent stake in Conergys Frankfurt solar-panel plant. LG has produced camcorders called ARTCAM and DSLRs. LG Electronics has about 75 sub sidiaries worldwide with nearly 91,045 employees. LG Electronics ownsZenith (subsidiary)and controls 37. 9 percent ofLG Display. LG Electronics products includes computers, tv, mobie phones, home appliances and semiconductors the like DRAM, SDRAM and flash memory. LG Electronics introduced their first mesh TVin 2007, originally brand as NetCast Entertainment ingress devices.They later renamed the 2011 meshing TVs to LGSmart TV when moreinteractive televisionfeatures were added, that enables the audience to receive information from the Internet while at the kindred time watching conventional TV programming. includecomputers,televisions,mobilephones,home appliancesandsemiconductors(DRAM,SDRAMandflash mem a http//bgr. com/2012/07/17/lg-display-samsung-oled-technology-theft/ http//www. samsung. com/uk/aboutsamsung/corporateprofile/history06. htmlTrade SecretsCase study LG Display workers charged with stealing Samsung OLEDsecrets Executive summary This report is related to confiden tiality 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. IntroductionTrade 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 aSouth Koreanmultinational company.It was founded byLee Byung-chullin 1938 as a trading company. Its headquarter is in Samsung Town,Seoul Korea. It comprises numerous subsi diaries and affiliated businesses, most of them united under theSamsungbrand, and are the largest South Koreancompany. It is worldwide famous brand. According to the founder of Samsung Group, the meaning of thewordSamsung is tristar or three stars. The word three represents something big, numerous and powerful the stars meaneternity. Samsung entered the electronics industry in the late 1960s.You can read also Thin Film Solar CellIn 1938,Lee Byung-chullwho belongs to large landowning family foundedSamsung 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 groups founder joined Samsung group and invested in a new company called Samsung Mulsan Gongsa or the Samsung Trading Corporation, ith the Samsung Group. The t rading firm grew to become the present-day Samsung C&T Corporation. But after some years these two companies Samsung and Hyosung separated due to differences in management between them. In the late 1960s, Samsung Group entered into the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices Co. , Samsung Electro-Mechanics Co. , Samsung Corning Co. , and Samsung Semiconductor & Telecommunications Co. , and made the facility inSuwon which lies about 30 km south of Seoul.Its first electronic product was a black-and-white television set. In 1980, Samsung entered the telecommunications hardware industry. Its early products were switchboards. Then it started to developed the telephone and fax manufacturing systems and became the centre of Samsungs mobile phone manufacturing which is one of the top mobile company in the world now. They have produced over 800 million mobile phones till now. Samsung diversified into many areas established Sa msung as an industryleader in a wide range of enterprises, moving into businesses such as insurance, securities, and retail..Samsung started to rise as an international corporation in the 1990s. Samsung became the largest producer of memory chips in the world in 1992, and is the worlds second-largest chipmaker afterIntel. In 1995, it created its firstliquid-crystal displayscreen. Ten years later, Samsung grew to be the worlds largest manufacturer of liquid-crystal display panels. Sony, which had not invested in large-sizeTFT-LCDs, contacted Samsung to cooperate, and, in 2006,S-LCDwas established as a joint venture between Samsung and Sony in order to provide a invariable supply of LCD panels for both manufacturers.S-LCDwas owned by Samsung 51% share and Sony 49% share. As on 26 December 2011 it was announced that Samsung had acquired the stake of Sony in this joint venture. In the first quarter of 2012, Samsung Electronics became theworlds largest mobile phone makerby unit sales, o vertakingNokia, which had been the market leader since 1998. LG Corporationis a South Koreanmultinationalconglomerate corporation formed by Koo In-Hwoi in 1947. It is the fourth-largest company South Korea, after Samsung Group, Hyundai Motors Group and SK group.Its headquarters are situated in the LG Twin Towers building in Seoul. LG is specialized in makingelectronics, chemicals, and telecom products. The LG Group was a merger of two Korean companies, Lucky and GoldStar, from which the abbreviation ofLGwas derived. The current Lifes Good slogan is a backronym. Before the corporate name change toLG, household products were sold under the brand name ofLucky, while electronic products were sold under the brand name ofGoldStar. In January 2009 LG was able to buy the domain nameLG. om, for a price reportedly to be more than $100 million, placing it among the companies who own their two letter brands domain name. 7 In 1994 GoldStar gained sponsorship from The 3DO Company to make the firs t 3DO Interactive Multiplayer. In 1995, GoldStar was renamed LG Electronics, and acquired Zenith Electronics of the United States. LG Solar Energy is a subsidiary formed in 2007 to allowLG Chemto supply polysilicon to LG Electronics for production of solar cells. In 2008, LG took its first dive into the solar-panel manufacturing pool, as it announced a preliminary deal to form a joint venture with Conergy.Under the deal, set to be completed by years end, LG would acquire a 75 percent stake in Conergys Frankfurt solar-panel plant. LG has produced camcorders called ARTCAM and DSLRs. LG Electronics has about 75 subsidiaries worldwide with around 91,045 employees. LG Electronics ownsZenith (subsidiary)and controls 37. 9 percent ofLG Display. LG Electronics products includes computers, television, mobie phones, home appliances and semiconductors like DRAM, SDRAM and flash memory. LG Electronics introduced their firstInternet TVin 2007, originally branded as NetCast Entertainment Access d evices.They later renamed the 2011 Internet TVs to LGSmart TV when moreinteractive televisionfeatures were added, that enables the audience to receive information from the Internet while at the same time watching conventional TV programming. includecomputers,televisions,mobilephones,home appliancesandsemiconductors(DRAM,SDRAMandflash mem a http//bgr. com/2012/07/17/lg-display-samsung-oled-technology-theft/ http//www. samsung. com/uk/aboutsamsung/corporateprofile/history06. html