South Korea indicts ex-Samsung Elec executive for alleged data leak to China

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SEOUL: South Korean prosecutors said they indicted a former Samsung Electronics executive on Monday (Jun 12) on suspicions of stealing the company's technology to build a chip factory in Chin

The defendant, who also formerly worked at SK Hynix as a vice president, is accused of illegally acquiring Samsung data to build a factory in the northwestern Chinese city of Xian between 2018 and 2019, the Suwon District Prosecutors' Office said in a statement.The defendant, arrested last month, worked a combined 28 years at the South Korean chipmakers, prosecutors said. The officials did not identify the accused.The former Samsung executive allegedly tried to build the factory 1.

Prosecutors said they have also indicted six other people for their involvement in the alleged crime, including an inspection company employee who is accused of leaking the architectural plan of Samsung's semiconductor factory. "It's a grave crime that could deal a heavy blow to our economic security by shaking the foundation of the domestic chip industry at a time of intensifying competition in chip manufacturing," the prosecutors' office said.

Source: News Formal (newsformal.com)

 

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