LG secrets leaked to Chinese manufacturing company
- March 6th, 2008
- 1 Comment
Apparently life’s NOT so good at LG nowadays (see how I did that?), as word’s come out that a former manager leaked almost 1,200 secret company files to a Chinese manufacturing company.
The company, Changhong-Orion PDP-Chaihong, hired the 49-year old LG manager to give the company secret information in exchange for $300,000 a year, an apartment, and a car. He handed over information mostly containing the details of the LG plant’s power system and construction blueprints that’ll help the Chinese firm increase production — it’ll begin manufacturing plasma panels in December using the stolen technology. Almost seems too easy, huh?
Cutting-edge PDP Tech Leaked to Chinese Firm [dongA.com] via The Raw Feed
thebonafortuna (Who am I?)
8 months ago
Its amazing what companies let China get away with. From blatantly stolen iPhone designs to this, and everything else, for years — China does what it wants. Seems like it goes all the way back to Mao, who dared people to screw with them based on their size…its easy to understand why IBM sold its computer division to them and decided to just take a share of the profits.
Hopefully the Chinese will actually start innovating at some point.