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Asia

South Korea Charges Samsung Supplier With Selling Secrets to China

South Korea has charged nine people and two companies with selling Samsung’s bendable screen technology to a Chinese competitor. The CEO of an unnamed supplier and eight employees have been charged with receiving $13.8 million in exchange for transferring the technology to the competitor, Bloomberg reported, citing South Korean prosecutors. The prosecutor didn’t disclose the names of the companies or employees involved in the theft.

The case could give the U.S. more ammunition against China in trade negotiations. It also shows Chinese firms are targeting not just the U.S. but leading technology companies in other countries in the race to narrow its technology gap and boost competitiveness.

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