Antitrust Antitrust

South Korea's LS Mtron, Cooper Standard Automotive hit with $1.1 million tech-theft fine

By Wooyoung Lee
  • 04 Mar 2022 04:13
  • 04 Mar 2022 04:13
Cooper Standard Automotive and machinery maker LS Mtron have been hit with a fine of 1.3 billion won ($1.1 million) for the theft of a mold-making technology owned by a smaller business partner — the highest penalty ever issued in South Korea for technology misappropriation.

The Korea Fair Trade Commission, or KFTC,

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News