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.



'Samsung Pay' Service Enabled in Saudi Arabia during Q4 2024, Says SAMA

The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
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'Samsung Pay' Service Enabled in Saudi Arabia during Q4 2024, Says SAMA

The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. (Reuters)

The Saudi Central Bank (SAMA) said on Tuesday that it signed an agreement with Samsung to enable the launch of Samsung Pay in Saudi Arabia during Q4 of 2024.

The agreement was signed at the inaugural 24 Fintech conference in Riyadh.

The step reflects SAMA's ongoing efforts to improve digital payment in Saudi Arabia, in line with the objectives of the Financial Sector Development Program, a key initiative of Saudi Vision 2030, the bank said in a statement.

It also reflects SAMA's commitment to developing a robust digital payments infrastructure through the national payments system "mada", thus moving toward a less cash-dependent society by providing advanced digital payment solutions that align with international standards.

The Samsung Pay service aims to offer an advanced and secure payment experience, enabling users to easily store and manage their digital payment cards with the Samsung Wallet application.

The launch of the Samsung Pay service is part of a series of technical innovations that aim at meeting market needs and advancing Saudi Arabia's position as a global pioneer in FinTech.