top of page

Indictment Shows SoKor Exec's Theft Of Samsung Secrets

  • Writer: By The Financial District
    By The Financial District
  • Jun 29, 2023
  • 2 min read

When former Samsung executive Choi Jinseog won a contract with Taiwan's Foxconn in 2018, he tapped his former employer's supplier network to steal secrets to help his new client set up a chip factory in China, an indictment by South Korean prosecutors alleges, Ju-min Park and Heekyong Yang reported for Reuters.

ree

Photo Insert: Within months, Choi had poached employees from Samsung and its affiliates and illegally obtained secret information related to building a chip factory from two contractors.


ree
ree

Prosecutors announced the indictment on June 12, saying the theft caused more than $200 million in damages to Samsung Electronics. The indictment did not name Choi and gave only limited details, even as media subsequently identified Choi and his links with Foxconn.


The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against Choi, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant.


ree

Choi, who has been detained since late May, denied all the charges through his lawyer, Kim Pilsung. Choi's Singapore-based consultancy Jin Semiconductor won the contract with Foxconn around August 2018, according to the indictment.

Within months, Choi had poached employees from Samsung and its affiliates and illegally obtained secret information related to building a chip factory from two contractors.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Jin Semiconductor illegally used confidential information involving semiconductor cleanroom management obtained from Cho Young-sik who worked at one of the contractors, Samoo Architects & Engineers.


Clean rooms are manufacturing facilities where the enclosed environment is engineered to remove dust and other particles that can damage highly sensitive chips.


Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Samoo had participated in the 2012 construction of Samsung's chip plant in Xian, China.


Choi's company also illegally obtained blueprints of Samsung's China plant from Chung Chan-yup, an employee at HanmiGlobal, which supervised its construction and floor layouts of wastewater treatment and other subsidiary facilities involving the chip manufacturing process, Ben Blanchard, Chen Lin and Josh Ye also reported for Reuters.



ree


ree
Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat

TFD (Facebook Profile) (1).png
TFD (Facebook Profile) (3).png

Register for News Alerts

  • LinkedIn
  • Instagram
  • X
  • YouTube

Thank you for Subscribing

The Financial District®  2023

bottom of page