A South Korean court as sent five former engineers to jail after they were found guilty of attempting to sell confidential WiBro technology to a USA based company, reports the local Digital Chosunilbo newspaper.
The lead engineer was sentenced to three years in prison and four accomplices received sentences ranging from 18 to 30 months deferred along with community service orders.
Three of the engineers are former employees of Posdata, affiliated with the country's top steel maker POSCO were alleged to have received information from a current employee and had set up a shell company in the USA which they planned to use to then resell the technology. Posdata is understood to have spent somewhere in the region of US$80 million developing the WiBro platform.
POSCO was hit again over the weekend by industrial espionage when two staff of the steel maker were arrested for leaking key steel manufacturing technologies to an unidentified Chinese company.
On the web: Digital Chosunilbo
Posted to the site on 22nd October 2007
Posted to: www.cellular-news.com/story/26856.php