http://english.chosun.com/w21data/html/news/200607/200607280015.html July 28,2006 Three former executives with a technology firm and a university professor have been charged with industrial espionage over their attempt to steal their employer's non-memory chip technology and set up on their own in China. The four were caught by prosecutors with the help of the National Intelligence Service. Seoul Central District Prosecutors' Office indicted the former executives, one of them identified as Park (42) and the academic identified as Kwak (56), an outside director on the electronic firm's board, with industrial espionage. Park is accused of conspiring with his fellow executives to pirate three of the company's non-memory chip products in China at far lower prices and sell them there, and stealing circuit diagrams and chip design files. They then informed the academic, who assisted them in stealing the technology and became a co-founder and CEO of the Chinese pirate operation. The four allegedly completed the circuit plans based on their theft last September, and the Chinese firm got as far as producing 12 wafers -- from which chips are cut - by the time the operation was uncovered. Estimated damage if mass production had gone under way was W235 billion (US $1=W954), prosecutors said. _________________________________ Attend the Black Hat Briefings and Training, Las Vegas July 29 - August 3 2,500+ international security experts from 40 nations, 10 tracks, no vendor pitches. www.blackhat.com
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