A former Samsung executive has been indicted for stealing company trade secrets

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South Korean lawmakers have indicted a former Samsung executive after accusing them of stealing company secrets and attempting to use that information to create a new company that would directly compete with Samsung.

The former Samsung executive started a new chip manufacturing company in China and Singapore, hiring two-hundred Samsung and SK Hynix employees. According to prosecutors, the former Samsung executive stole Samsung's confidential information, such as blueprints, basic engineering data, room designs, and more, between August 2018 and 2019. According to prosecutors, the ex-Samsung executive attempted to "duplicate an entire factory to manufacture and mass-produce semiconductors in China."
 
Hopefully, the former Samsung executive learns his lesson that it is wrong to steal trade secrets from Samsung.
 
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