SKorean Chip Executive Detained Again over Alleged Technology Leak to China

Clouds are seen above high-rise buildings at dawn in Beijing on September 6, 2024. (Photo by ADEK BERRY / AFP)
Clouds are seen above high-rise buildings at dawn in Beijing on September 6, 2024. (Photo by ADEK BERRY / AFP)
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SKorean Chip Executive Detained Again over Alleged Technology Leak to China

Clouds are seen above high-rise buildings at dawn in Beijing on September 6, 2024. (Photo by ADEK BERRY / AFP)
Clouds are seen above high-rise buildings at dawn in Beijing on September 6, 2024. (Photo by ADEK BERRY / AFP)

A South Korean executive accused of stealing semiconductor information developed by Samsung Electronics has been detained again on fresh allegations related to the theft of chip processing technology, a court official and his lawyer said on Friday.
The Seoul Central District Court issued a warrant to detain Choi Jinseog on Thursday due to concerns he was a flight risk, said a court official, who declined to provide further details.
Choi, a former Samsung executive who ran a chipmaking venture in China, has already been the subject of a high-profile industrial espionage trial since July 2023 and was arrested and released on bail last November. He has rejected those charges.
He now faces new allegations of being involved in stealing information related to 20-nanometre DRAM chip processing from Samsung, Kim Pilsung, Choi's lawyer, told Reuters.
Kim said his client denied any wrongdoing and the information he is accused of stealing is publicly available.
Choi has not been indicted over the new allegations, his lawyer said.
Samsung declined to comment.
In a case that underscores South Korea's efforts to crack down on industrial espionage and slow China's progress in chip manufacturing, Choi was indicted in June 2023, accused of seeking to build a copycat chip factory in China with sensitive information developed by Samsung.
The award-winning engineer was once seen as a star in South Korea's chip industry.
After being freed on bail, Choi told Reuters in April that police were investigating him and one of his former employees, an ex-Samsung worker, over fresh allegations related to Samsung's chip processing technology.



Amazon Plans $5 bln of Small-ticket Exports from India in 2024 in Shift from China

The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, US, February 14, 2019. (Reuters)
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, US, February 14, 2019. (Reuters)
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Amazon Plans $5 bln of Small-ticket Exports from India in 2024 in Shift from China

The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, US, February 14, 2019. (Reuters)
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, US, February 14, 2019. (Reuters)

Amazon Inc plans to export about $5 billion of small-ticket items from India this year, up from nearly $3 billion in 2023, supplying markets such as the United States and Britain, a company official said, marking a shift away from China.

The move by one of the world's largest e-commerce companies underscores India's growing role in the global supply chain and reflects a broader trend among multinational corporations to diversify sourcing away from China.

Walmart Inc plans to hike its supplies from India to $10 billion a year by 2027, up from about $3 billion in 2020

"India is naturally one of the largest sources of selection for Amazon," Bhupen Wakankar, director of global trade at Amazon, told Reuters in an interview on Thursday.

He said Amazon had partnered with the India's commerce ministry and trade associations to connect with thousands of small manufacturers across the country, offering products from textiles and jewellery to household items and Ayurveda products.

Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products.

"We are investing significantly in tools and technologies to help sellers optimise their reach, enhance product discovery, and increase sales," he said, ahead of an exporters' meeting in New Delhi.

Amazon and Walmart's Flipkart have reshaped India's retail landscape in recent years, investing billions of dollars to source supplies from small businesses and attracting consumers through hefty discounts.

But they face criticism from trading and political groups.

India's commerce minister has accused Amazon and other e-commerce companies of predatory pricing practices and said the sector's rapid rise should not disrupt millions of brick-and-mortar stores operating in the country.

Last June, Amazon announced plans to increase its investments in India to $26 billion by 2030, including funds for its cloud business.

Through the Global Selling Programme, initiated in 2015, Amazon has enabled about 150,000 small Indian exporters to sell roughly $8 billion worth of products directly to overseas consumers by the end of 2023, Wakankar said.

The company aims to facilitate $20 billion in cumulative e-commerce exports from India by 2025, he added.