Former Samsung executive arrested second time for leaking chip technology to China
Seoul: A South Korean executive, accused of stealing semiconductor technology developed by Samsung Electronics, has been detained again on freshallegations in connection with the theft of chip processing technology, Reuters reported.
The Seoul Central District Court issued a warrant to detain Choi Jinseog on Thursday, citing concerns that he might flee, according to the report.
Choi, a former Samsung executive who previously managed a chipmaking venture in China, has been involved in a high-profile industrial espionage case since July 2023 and was arrested and released on bail last November. He has denied the charges.
Choi is now facing additional accusations of being involved in the theft of 20-nanometre DRAM chip processing information from Samsung, as revealed by his lawyer, Kim Pilsung, to Reuters.
Kim stated that Choi denies any wrongdoing, asserting that the information in question is publicly accessible.
Choi has not yet been formally charged regarding the new allegations, his lawyer added, the report said.
This case highlights South Korea's ongoing efforts to combat industrial espionage and hinder China's progress in chip manufacturing.
Choi was originally indicted in June 2023 on charges of attempting to establish a copycat chip factory in China using sensitive information developed by Samsung, according to the report.
Once regarded as a star engineer in South Korea's chip industry, Choi told Reuters in April that authorities were investigating him and one of his formeremployees, a former Samsung worker, over new allegations related to Samsung's chip processing technology.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Tamil Nadu: Vijay’s party blames DMK ‘conspiracy’ for Karur stampede, seeks probe by SIT or CBI
India clinch Asia Cup title with five-wicket win over Pakistan
PM Modi urges Indians to go 'Vocal for Local' in festival shopping
Pakistan’s mineral show-and-tell: Sharif and Munir try to charm Trump
