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Finance & Markets

South Korean shares rise as chipmakers jump

SEOUL: Round-up of South Korean financial markets : South Korean shares rose on Wednesday, extending gains for a third straight session, as chipmakers jumped on AI optimism. The benchmark KOSPI was up 219.73 points, or 3.46%, at 6,565.26, as of 0155 GMT, hitting its highest level since August 5.

Business

Ex-SK hynix Employee Sentenced for Leaking Trade Secrets to Join Huawei Subsidiary

A former SK hynix employee who unlawfully leaked the company’s core semiconductor trade secrets in an attempt to move to a local Chinese company was sentenced to a prison term again in the appellate…

  • Former SK hynix employee Kim sentenced to 1 year 6 months in prison
  • Kim leaked semiconductor trade secrets to Huawei subsidiary HiSilicon
  • Kim printed and photographed 186 pages of confidential CIS documents
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