South Korea tightens industrial espionage law to shield chip secrets

South Korea is tightening its defenses against industrial espionage with a revised spying law taking effect this weekend, Bloomberg reported. The home of memory chipmakers Samsung Electronics and SK Hynix is seeking to safeguard advanced memory technology from increasingly formidable Chinese rivals. The revision expands the legal tools available against spying as competition in advanced memory intensifies. The report does not detail specific penalties, enforcement powers, or which technologies fall under the revised statute, leaving the practical scope of the change to be established as the law takes effect.