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Hi Air Korea gets largest fine ever imposed for technology misappropriation by KFTC

By Wooyoung Lee ( November 10, 2024, 03:00 GMT | Insight) -- Hi Air Korea, a South Korean supplier of marine air systems, has been slapped with a fine of 2.6 billion won ($1.9 million) by the country’s competition regulator for stealing key technology from one of its subcontractors and retaliating after the subcontractor filed a complaint to the regulator. Hi Air Korea, a South Korean supplier of marine air systems, has been slapped with a fine of 2.6 billion won ($1.9 million) by the country’s competition regulator for stealing key technology from one of its subcontractors and retaliating after the subcontractor filed a complaint to the regulator....

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