Industrial Espionage in LG May Lead to a Billion Dollars Loss to Korean Economy

Published on 03/ 5/2008

An ex-LG employee was indicted by Korea in a case of industrial espionage. The employee has allegedly provided 1182 computer files to a Chinese company called Changhong-Orion PDP-Chaihong which is said to have used the information to copy LG’s production technology.

Changhong-Orion PDP-Chaihong is said to have provided ample benefits the spy:

• $300,000 per year (not including the LG pay)
• An apartment
• A Car

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