Saturday, February 6, 2010

Several Charged in South Korea for Stealing Samsung Trade Secrets

This week has been a busy one for South Korean prosecutors, as two more former employees of Samsung were charged with selling the company's trade secrets to a rival Chinese company. After Wednesday's arrest of eighteen people involved in leaking technologies to rival company Hynix, two people, one a current and one former employee of Samsung were charged in Seoul. One unidentified suspect sold Samsung's trade secrets for $208,000 USD but only received about $20,000 at the time of arrest.

The ongoing dispute centers allegations that Applied Materials Korea (AMK), a firm that provides semiconductor equipment to both Hynix and Samsung, allegedly provided Hynix with trade secrets acquired by Samsung employees. Hynix expressed regret for the detentions, but insists that it did not use Samsung technology in the production or design of its microchips.

Additional stories:

http://newsinfo.inquirer.net/breakingnews/infotech/view/20100204-251262/2-charged-with-selling-Samsung-trade-secrets

http://online.wsj.com/article/BT-CO-20100204-703509.html?mod=WSJ_World_MIDDLEHeadlinesAsia

http://abcnews.go.com/Technology/wireStory?id=9743603

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