City
Epaper

Man jailed for 3 years for leaking Samsung's edge panel tech to China

By IANS | Updated: July 13, 2023 15:00 IST

Seoul, July 13 The top court on Thursday finalised a three-year prison term for a former head of ...

Open in App

Seoul, July 13 The top court on Thursday finalised a three-year prison term for a former head of a mid-size technology firm for leaking Samsung Display’s edge panel technology to Chinese companies in 2018.

The edge panel technology, also known as 3D lamination technology, is used for making curved screen edges for Samsung smartphones. It took Samsung around $117.7 million in investment and six years of research by 38 engineers to develop the technology, reports Yonhap news agency.

A former CEO and officials of Toptec Co., a mid-size firm specializing in production equipment, were indicted on charges of leaking in April 2018 technical specifications and technical drawings of the edge panel technology they got from Samsung to a separate company they established. They then sold part of the documents to two Chinese companies.

They were also charged with producing 24 units of 3D lamination production equipment based on technical drawings provided by Samsung, exporting 16 of them to Chinese firms and attempting to sell the rest as well.

A district court had initially found the former Toptec CEO and officials not guilty, concluding the leaked technology is not a business secret.

An appellate court, however, overturned the ruling and sentenced the ex-CEO to three years in prison, reasoning that the technology is part of what the trade ministry classified as frontier technologies and thus cannot be deemed to be in the public domain.

The appeals court also concluded the defendants breached their duty not to leak business secrets.

The Supreme Court upheld a three-year imprisonment for the former Toptec CEO. Two other Toptec executives were also given a finalized two-year prison term, while the company was given a fine of 100 million won.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Samsung DisplaysamsungSamsung GalaxySamsung ElectronicsSamsung BiologicsSamsung IndiaSamsung Electronics ViceSamsung Biologics CoSamsung DexSamsung PaySamsung Electronics Co
Open in App

Related Stories

TechnologyHan Jong-hee Passes Away at 63: Samsung Electronics Vice Chairman Dies of Heart Attack

Social ViralVrindavan Monkey Exchanges Samsung Phone for Mango Drink, Hilarious Video Goes Viral (Watch Video)

TechnologySamsung Layoffs: Electronic Giant to Cut Thousands of Jobs Worldwide Amid Struggles in AI Market

TechnologyIndia’s Smartphone Market Flat in 2023, Apple Surpasses 10-Million-Unit Mark

TechnologySamsung Galaxy S24 Series Pre-Booking Begins for Locally Manufactured Models in India - See Specification

International Realted Stories

InternationalNepal condemns "barbaric terrorist attack" in J-K, affirms solidarity with India

InternationalBefore rushing back to India PM Modi co-chaired strategic council with Saudi Crown Prince

InternationalPM Modi, Saudi Crown Prince lead Strategic Council Meeting in Jeddah

International"Deeply disturbing," Trump affirms US support to India post J-K violence

InternationalJD Vance to visit Agra on final leg of India trip