General Motors Co. (GM) said South Korean prosecutors are investigating whether a contractor leaked the U.S. carmaker’s engine technology overseas.
Prosecutors raided the design company yesterday and searched for evidence, Kim Byeong Soo, a spokesman at GM Korea, said by phone today, declining to name the company. GM began an internal probe to assess the situation, though the U.S. carmaker itself isn’t under investigation, he said.
Prosecutors in South Korea learned about the possible leak through its own intelligence network, News1 reported, citing the division at Supreme Prosecutors’ Office that looks into high-technology and financial crimes.
An official at the division, who didn’t provide his name, declined to comment on the matter citing internal policy on investigations when reached by Bloomberg News. The Ministry of Justice and the Supreme Prosecutors’ Office didn’t immediately respond to e-mailed queries.
To contact the reporter on this story: Rose Kim in Seoul at firstname.lastname@example.org
To contact the editors responsible for this story: Young-Sam Cho at email@example.com Subramaniam Sharma