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Did Chinese automakers buy automotive secrets from Kia spies?

by Will Thompson

Forbes reports via AFX that five current and former employees of Kia Motors have been arrested for allegedly selling automotive technology to China, causing potential losses of billions of dollars to a key industry, prosecutors said.

The prosecutors’ office in Suwon city south of Seoul said the five are accused of stealing key technical secrets regarding car assembly.

On nine occasions since last November, the accused allegedly diverted a total of 57 secrets to an unidentified Chinese auto company through a technology consulting company in South Korea.

The secrets were supposedly technologies for assembly of Kia’s Sorento SUV.

sorento.jpg

The incident has been called South Korea’s biggest case of industrial espionage, and could cause damage of ‘a few billion dollars’.

–Will Thompson

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Posted in 4x4 and Truck, General, News on May 10th, 2007

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6 Responses to “Did Chinese automakers buy automotive secrets from Kia spies?”

  1. luciano Says:
    May 10th, 2007 at 9:33 am

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  2. Cassy Says:
    May 10th, 2007 at 10:03 am

    WHY would someone want to steal anything from KIA? Eck. I mean no offense, they are very reasonably priced cars I just have this thing stuck in my head about how the cars are not very safe. Had a friend get into an accident in one and it wasn’t pretty.

    I’m sure things have changed (hopefully) since circa 2000.

  3. Paul Says:
    May 10th, 2007 at 5:44 pm

    I think the Chinese are more interested in making cheap cars for the masses than anything else. Kia might fit well into that market.

  4. Frankie Says:
    May 14th, 2007 at 7:56 pm

    kia will lost a few billion dollars’????By how? I don’t think those so called secret worth such.

    Chinese automakers would be the best for low and middle class car makers, it just takes time to do it, 10 years later it could be different.

  5. wfertuy Says:
    June 5th, 2007 at 8:50 am

    india porn

  6. Financial Logs » Did Chinese automakers buy secrets from Kia spies? Says:
    October 31st, 2007 at 12:18 pm

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