Prosecutors in Seoul, Korea, indicted an ex-LG employee for spying for a Chinese company in a case they say cost the South Korean economy more than $1 BILLION. The Chinese company, Changhong-Orion PDP-Chaihong, reportedly paid the LG manager $300,000 per year, an apartment and a car (he was still collecting his LG salary) in exchange for copying 1,182 files from the LG network

and giving it to the Chinese company. The company next used that stolen input to copy LG’s plasma display panel production technology. Changhong-Orion PDP-Chaihong plans to start making plasma panels with the stolen technology starting in December.

Original post by Mike

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