Samsung Electronics incurred losses estimated to be at least US$23 million due to the theft of the data.
The defendant, who also formerly worked at SK Hynix as a vice president, is accused of illegally acquiring Samsung data to build a factory in the northwestern Chinese city of Xian between 2018 and 2019, the Suwon District Prosecutors’ Office said in a statement.The defendant, arrested last month, is denying the allegations, a prosecutor said.
The attempt to build the new plant using Samsung data, however, ended in failure due to funding issues, a prosecutor said. Prosecutors said they estimated the theft of the data to have inflicted at least 30 billion won worth of losses on Samsung Electronics.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: