Thursday, The Astute Bloggers [among others] posted an article about how China stole technology from Korea's LG Corporation so that they could compete with LG in the world market for plasma screens.
"Prosecutors in Seoul, Korea, indicted an ex-LG employee for spying for a Chinese company in a case they say cost the South Korean economy more than $1 billion. The Chinese company, Changhong-Orion PDP-Chaihong, reportedly paid the LG manager $300,000 per year, an apartment and a car (he was still collecting his LG salary) in exchange for copying 1,182 files from the LG network and giving it to the Chinese company...And we should be surprised... why?The company then used that stolen data to copy LG's plasma display panel production technology. Changhong-Orion PDP-Chaihong plans to start making plasma panels with the stolen technology starting in December."
Here are some posts about that subject going back awhile:
Saturday, September 22, 2007
We Apologize Because You Poisoned Us
Tuesday, June 26, 2007
An Unethical Trader
Saturday, October 28, 2006
How Economists Think
Tuesday, November 22, 2005
Excessive Spending - Outsourcing Doesn't Hurt (?!)
Friday, July 15, 2005
China - Market Opportunity, Trading Partner, Competitor, Enemy?
Thursday, May 19, 2005
Excessive Spending - $3,600 Chevy... Chery
Sunday, February 13, 2005
Back From The Future
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