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Former LG Electronics Engineer Charged with Tech Theft |
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Written by Chelsey Drysdale
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Thursday, 06 March 2008 |
SEOUL – A former senior engineer with South Korea's LG Electronics has been arrested for pilfering flat-screen TV technology and leaking it to China, say published reports.
LG pegged the losses from the leak at some $1.4 billion, according to the reports.
The former employee has been charged with stealing computer files on the design of LG’s PDP plant after leaving the company in 2005. Two other LG employees have also been indicted, according to reports.
Since February, the former employee has advised Changhong-Orion PDP-Chaihong of China on constructing a PDP plant in Szechuan province. The Chinese company is expected to come online in December.
LG Electronics, Samsung SDI and Matsushita of Japan are the only companies that had this technology, the spokesperson said. The technology involves creating eight PDP units from one.
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