Asia
Ex-Samsung Execs Arrested for Allegedly Stealing Tech for China
- Police accuse two former execs of stealing trade secrets
- They allegedly set up a JV with local government officials
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South Korean police have arrested two former Samsung Electronics Co. officials on suspicion of stealing technologies worth more than 4.3 trillion won ($3.2 billion) to build a copycat chipmaking plant in China.
The Seoul Metropolitan Police Agency on Tuesday described how the pair had collaborated with local Chinese officials to build a semiconductor facility. One of the two, identified as a 66-year-old surnamed Choi, recruited South Korean chip experts and leaked Samsung memory technologies via a joint venture, the police said in a statement.