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Hyundai’s carmaking secrets allegedly leaked to Chinese firm

September 17, 2015
(AP Photo/ Lee Jin-man)

(AP Photo/ Lee Jin-man)

SEOUL (Yonhap) — Prosecutors said Thursday they have indicted 10 people on charges of leaking component blueprints of Hyundai Motor Co., the country’s top carmaker, for the development of a Chinese automobile.

The Seoul Central District Prosecutor’s Office said a 30-year-old man, identified only by his surname Cho, is suspected of siphoning 71 component designs of Hyundai’s car bumpers from its business partner, known by its initial D, while working there.

Cho was on dispatched duty from another company to participate in the development of a new car for a Beijing automaker, BAIC Motor Co.

The others who were indicted, mostly from Hyundai’s subcontractors, either provided or received Hyundai’s business secrets to develop the new model, prosecutors said.