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[THE INVESTOR] The Korean subsidiary of China’s Huawei Technologies and its executives on Sept. 19 were indicted by the prosecutors for leaking its rival’s technologies and trade secrets.
The Seoul Central District Prosecutors’ Office said Huawei Korea’s executive, identified only by his surname Kang, is suspected of leaking business secrets from telecom equipment developer Ericsson-LG, where he was previously employed.
Ericsson-LG is a joint venture of Sweden-based Ericsson and South Korean tech firm LG Electronics.
Kang is suspected of taking out tens of Ericsson-LG’s business documents without permission when he transferred to the Chinese company and using the information to set sales strategies for Huawei.
Two other employees were also indicted over similar allegations after moving to the Chinese company from the joint venture company with business secrets.
Prosecutors said Huawei Korea’s vice chief, identified only by his surname Kim, and the corporate body itself were also indicted for violating the country’s law on prevention of unfair competition.
(theinvestor@heraldcorp.com)
The Seoul Central District Prosecutors’ Office said Huawei Korea’s executive, identified only by his surname Kang, is suspected of leaking business secrets from telecom equipment developer Ericsson-LG, where he was previously employed.
Ericsson-LG is a joint venture of Sweden-based Ericsson and South Korean tech firm LG Electronics.
Kang is suspected of taking out tens of Ericsson-LG’s business documents without permission when he transferred to the Chinese company and using the information to set sales strategies for Huawei.
Two other employees were also indicted over similar allegations after moving to the Chinese company from the joint venture company with business secrets.
Prosecutors said Huawei Korea’s vice chief, identified only by his surname Kim, and the corporate body itself were also indicted for violating the country’s law on prevention of unfair competition.
(theinvestor@heraldcorp.com)
