Saturday, December 15, 2007

Industrial Spying Threatens Local Firms

S. Korea - Concerns have re-emerged over the illegal transfer of high technology abroad, which has been worsening in recent years, in the wake of the latest leak case in which industrial spies handed over key automobile building technology of Hyundai Motor to Chinese firms.

Prosecutors Friday arrested two Hyundai Motor employees, who stole core technology for the automatic transmission of a sports utility vehicle (SUV) that the carmaker has developed with an investment of 300 billion won ($323 million) for two years, to a Chinese carmaker.

Experts estimate the leaked information could cause trillions of won in damages...

Samsung Electronics, for example, has already adopted an advanced security system in its Digital Media Research Center, where each researcher’s location can be traced through satellite-recognized identification cards, in addition to anti-eavesdropping devices. (more)