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A former Samsung executive has been charged with stealing company secrets for a copycat computer chip factory in China, and is being held in detention pending trial.
The Suwon District Prosecutors’ Office, disclosed in statement that the 65-year-old man, allegedly stole Samsung trade secrets in a bid to set up a chip factory in the Chinese city of Xian.
The material he stole was classified as national core technology – innovations designated by South Korean law as potentially having a major negative impact on national security and the economy if disclosed.
He’s currently detained at the Suwon Detention Center.
