South Korea busts attempt to sell technology to US

South Korean prosecutors have indicted four engineers for allegedly trying to sell "Wibro" high-speed mobile Internet technology to the United States for 190 million dollars. Three former employees received secret information from Hwang, one current worker at Posdata affiliated with the country's top steelmaker POSCO, through e-mails or portable hard discs since October last year. The technology theft was checked and stopped before the "core" data was handed over to a US technology firm, only identified by its initial "I" which the trio was working for.

They had planned to sell the technology to an unnamed US communications company for 180 billion won (193 million dollars). Posdata, which has spent 90 billion won in developing the new technology, last week filed a lawsuit with a US court. Prosecutors have arrested Hwang and are seeking the repatriation of the trio, believed to be in the US. The Wibro, or Wireless Broadband, refers to South Korea's homegrown next-generation technology which allows people to enjoy high-speed Internet while driving a car or travelling by train.

News source: Physorg

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However, I'd love to have that kind of technology. Currently, I have Clearwire wireless broadband, and technically, you can't drive and listen to internet radio at the same time because the signal will be jumping from tower to tower.

It would be nice to have this kind of service but it sould be done the legit way not by technology theft. I hope they get the US communications company also if there was any wrongdoing on their side.

Doli said,
It would be nice to have this kind of service but it sould be done the legit way not by technology theft. I hope they get the US communications company also if there was any wrongdoing on their side.

It's usually very difficult to pin evidence to a company without an actual transaction (ie. prove the company had knowledge to the theft and encouraged it). If I'm reading this article correctly, it sounds like the "transaction" was stopped before any real transactions occured.

PatrickR43 said,
what is wrong bigot?

anyway, I hope these guys get excuted.


Executed for selling technology illegally?

Might want to pick up those screws you lost :cheeky:

Doli said,
Believe it or not: technology-wise, we (the USA) are not at the top.

Actually, technology-wise we are at the top... however because of other factors we aren't always the first to implement said techonologies.

I don't think so - they said communications company, as in cellular or internet-service provider.

I'm not in the US, so I'm not familiar with the local communication companies. Maybe someone can help?

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