Former Samsung employee arrested for selling secrets to rivals

A man named Kim, a former Samsung employee, has been arrested on charges of providing the South Korean manufacturer’s chip technology secrets to a company in China. According to South Korean media, Kim was once the head of a Samsung division.

Prosecutors accused Kim of violating South Korea's technology industry protection law by stealing information related to 16nm DRAM semiconductor chips held by Samsung and selling them to ChangXin Memory Technologies (CXMT), a Chinese semiconductor maker, officials said.

Sold chip technology secrets could help CXMT narrow the technology gap with Samsung

Phone Arena quoted sources confirming that the damage from information theft and technology sales amounted to 2,300 billion won (about 1.8 billion USD) for Samsung.

Little is known about this individual. According to Tom's Hardware, Mr. Kim was a full-time employee but quit Samsung in 2016 and then joined CXMT in China. There, Kim receives an annual salary of several million dollars, which is considered "unusual."

Along with Kim, another person named Bang was arrested, with initial information describing this character as a former "subcontractor of Samsung". Both were residing in China, recently returned to their homeland and were arrested for allegedly violating the Korean Industrial Technology Leak Prevention and Protection Act . Previously, in May 2023, the Korean National Intelligence Service (NIS) reported on the incident and requested an investigation.

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