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
A former senior executive of Samsung Electronics, referred to as Mr. A, has been arrested and will stand trial for his attempt to copy Samsung Electronics' semiconductor plant in its entirety in China.The Defense Industry and Industrial Technology Crime Investigation Division of the Suwon Distri
An increase in short selling has slowed amid repeated warnings from financial authorities. Short selling tapered off as an aggressive crackdown on unauthorized short selling and the manipulation of stock prices in contracts for difference (CFDs) has become a hot topic. However, financial authorities
The National Tax Service (NTS) has launched an intense tax investigation into 52 potential offshore tax evaders for leaking national wealth.The National Tax Service said on May 31 that it has launched a tax investigation into alleged offshore tax evaders who might have have evaded taxes by taking pr
The Korea Fair Trade Commission (KFTC) announced on May 24 that it has given a corrective order to the three major Korean wireless carriers (SK Telecom, KT, and LG Uplus) and imposed a provisional fine of 33.6 billion won (US$25.4 million) on them for falsely and exaggeratedly advertising 5G service
Following the outbreak of mad cow disease in the United States, Korean quarantine authorities have raised the level of their quarantine measures.The Korean Ministry of Agriculture, Food and Rural Affairs announced on May 21 that it confirmed the outbreak of atypical bovine spongiform encephalopathy
The United States is executing circumvention investigations again. A circumvention investigation determines whether a country or company changed the production and shipment methods for a product that the United States has imposed antidumping and countervailing duties on. While the United States is t
The European Union (EU), currently reviewing the merger of Korean Air and Asiana, has once again expressed a negative opinion.According to Korean Air and other sources on the 18th, the EU Commission released an examination report the day before, stating concerns about price increases and service qua
According to industry sources on the 17th, the U.S. International Trade Commission (ITC) has determined that automotive component companies from Taiwan and the United States have infringed upon multiple patents held by Hyundai and Kia.On the same day, the ITC announced through a public notice that t
As the global competition for semiconductor supremacy intensifies, Samsung Electronics has once again experienced an incident of core technology leakage.According to industry sources on May 17th, the Samsung Electronics' Device Solutions (DS) Division recently dismissed Engineer A on the grounds
The merger of Korean Air and Asiana Airlines, two giant airlines, now only awaits approval from the United States, European Union, and Japan. Amid this, the merger is experiencing turbulence once again as a crucial hurdle, the U.S. review, remains lackluster.Over the past two years, Korean Air has s
Samsung Electronics and Qualcomm will become one team in an antitrust dispute trial against U.S.-based semiconductor company Broadcom. The two have agreed to do so as they have suffered from long-term exclusivity agreements that Broadcom demanded they sign. Qualcomm, which was fined 1 trillion won (
China’s No. 1 display maker BOE has filed a patent infringement lawsuit against Samsung in China. Industry analysts say this is a retaliatory move by BOE, which competes with Samsung in the organic light-emitting diode (OLED) panel market.BOE recently sued Samsung Display, Samsung Display China, and
The collapse of an underground parking lot at a new apartment building that GS Engineering & Construction(GS E&C) is building in Incheon on April 29 was found to be caused by using fewer materials than required by the design.No one was killed due to the accident but the accident brought down 970-squ
Samsung Electronics has suffered from an abuse of power at the hands of Broadcom, a U.S.-based semiconductor company, after a similar incident involving Qualcomm. Broadcom had proposed to the Korea Fair Trade Commission (KFTC) to pay 20 billion won (US$15 million) in stimulus funds as a voluntary co
The Korea Fair Trade Commission (KFTC) will punish OCI Group for unfair internal trading. The OCI Group can face a fine of up to 28 billion won if the allegations are proven true at an upcoming plenary session.According to industry sources on May 3, the KFTC sent an investigation report to SGC Solut
The Incheon Metropolitan Government will conduct a full inspection of all GS Engineering & Construction(GS E&C) worksites in Incheon. This is a follow-up to the collapse of the roof slab of an underground parking lot at an apartment construction site in Geomdan New City in Incheon on April 29.Incheo
The Incheon Port Authority recently decided to prefer port operators use domestic cranes and announced that this policy would be immediately applied to its operator selection procedures.Likewise, the Busan Port Authority is planning to rule out foreign cranes regarding docks to be put into operation
National Assemblyman Seo Il-joon of the People Power Party called for an immediate investigation into an alleged KDDX defense mafia case during the Moon Jae-in administration, citing the recent confirmation of the conviction of nine HD Hyundai employees who secretly stole military and trade secrets
The Korea Fair Trade Commission has ordered Google to pay a penalty of 42.1 billion won (US$31.8 million) for having hindered mobile game launches on One Store, a domestically launched app market and an alternative to the Google Play Store.According to the commission, Google provided incentives for