Korea’s government, National Assembly and courts are pushing to raise the level of punishments for technology leakage as key personnel of companies involved in Korea’s national high-tech strategic industries are frequently leaking out along with their technology. National high-tech strategic industr
On March 13, the U.S. House of Representatives passed a bill to ban TikTok, a Chinese video platform, from being downloaded in the United States due to security concerns. The bill was approved with an overwhelming majority of 352 votes in favor and 65 against. Europe is also engulfed in national sec
Hanwha Ocean submitted a complaint to the National Police Agency’s National Investigation Division on March 4 to investigate alleged systematic leakage of military secrets related to the Next Generation Korean Destroyer (KDDX) Project by HD Hyundai Heavy Industries (HHI).“It is an objective fact tha
HD Hyundai Heavy Industries (HHI), accused of leaking military secrets, will not receive sanctions, so it will be able to continue to bid in winning maritime defense projects. As a result, the company will be able to take part in a tender for the construction of the Korea Destroyer KDDX, which will
Ahead of the Defense Acquisition Program Administration (DAPA)’s deliberations on slapping bidding restrictions on HD Hyundai Heavy Industries, Representative Seo Il-joon called for strict deliberations, saying, “The deliberations should be used as an opportunity to lay a foundation for the Korean d
The U.S. International Trade Commission (ITC) has rejected a summary judgment application by Hugel, which had asserted that there was no dispute in its ongoing legal battle with Medytox over the source of a botulinum toxin strain.According to industry sources on Feb. 1, the ITC’s decision to deny Hu
Hyosung TNS showcased its latest unmanned payment solution, JetCheck, at the NRF 2024 retail trade show held in New York from Jan. 14 to 16.JetCheck is an unmanned checkout counter that provides a seamless payment experience and assists in store operations. This unmanned payment solution includes bo
A well-known Chinese automotive manufacturer is currently under investigation by South Korean law enforcement agencies for allegedly establishing a subsidiary in South Korea and illicitly acquiring domestic battery technologies from Samsung SDI and SK on, formerly SK innovation.According to industry
Samsung Display filed a complaint with the U.S. International Trade Commission (ITC) against China’s BOE, the world’s largest liquid crystal display (LCD) panel maker and Samsung Display’s largest display competitor. Samsung Display claims BOE stole its technology. This is separate from an ongoing p
Medytox's lawsuit against Hugel at the U.S. International Trade Commission (ITC) over botulinum toxin matters appears set to exclude one of its key issues: the strain dispute.According to industry sources on the 5th, during last month's evidence investigation procedure, the ITC ordered Medytox to su
Kolmar Korea has won a technology theft lawsuit against global cosmetics company Intercos. Intercos Korea, an Italian cosmetics company with operations around the world, was accused of stealing the company’s sunscreen formula.The Seoul Central District Court’s 62nd Civil Division recently ruled in f
Forecasts indicate that China’s OLED shipments for smartphones will surpass South Korea’s by 2025.According to the “3rd Quarter OLED Market Track” report published by market research firm UBI Research on Aug. 28, the current market share of smartphone OLED shipments for South Korea and China stands
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
Much attention is being paid to if Samsung Electronics, which recently stopped ordering from China’s No. 1 display maker BOE, will expand the amount of liquid crystal displays (LCDs) that it buys from LG Display in the future. Samsung has been buying LCD TV panels from LG Display since 2017.Accordin
Mr. A, a former Samsung employee who worked at Samsung Electronics’ semiconductor division for 18 years and even served as a vice president at SK hynix, stole design data on a semiconductor plant, a trade secret and Korea’s core national technology. He planned to build a replica plant 1.5 kilometers
Both Hyundai Motor's and Kia Corp.’s stock prices fell in the Korean stock market. Investor sentiment about the two stocks was dampened after New York City filed a lawsuit against Hyundai and Kia for selling vehicles that are prone to theft.According to the Korea Exchange, Hyundai closed at 196,
Cases of theft targeting Hyundai and Kia vehicles continue in the United States. The Wall Street Journal (WSJ) reported on May 30 (local time) that the anti-theft software upgrade that Hyundai and Kia have been implementing since February this year has failed to curb the increasing incidents, largel
Hyundai and Kia have agreed to compensate victims in a class-action lawsuit against the two Korean automakers over vehicle thefts in the United States.Hyundai and Kia announced on Nov. 18 (local time) that they reached an agreement to settle the class action lawsuit and expected to pay a total of 20
Samsung Electronics is investing aggressively in India. The Korean tech giant has decided to produce its next-generation foldable smartphones in India to make it a key smartphone production base.Samsung Electronics has produced mid- and low-priced smartphones in India. As India emerges as the center
Daewoong Pharmaceutical announced on Feb. 15 that it has filed for a court injunction to suspend the execution of the court's first trial ruling in a lawsuit filed by Medytox claiming that Daewoong stole its trade secrets regarding botulinum toxin.Earlier, on Feb. 10, the Seoul Central District