Report: SAIC accused of tech theft

• Source: Global Times
• [17:04 November 12 2009]
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The Seoul Central District Prosecutors' Office said November 11 that it had indicted seven senior engineers at Ssangyong Motor Co on charges of leaking key gasoline-electric hybrid car technology to China's SAIC Motor Corp in 2006.

Prosecutors said the seven from Ssangyong's research institute would stand trial on charges of breaking a law on industrial secrets.

SAIC has a 51 percent stake of Ssangyong, though the Chinese automaker lost management control when the South Korean company received protection from bankruptcy in February this year.

Agencies and Shi Jierui contributed to this story