U.S. Indicts S. Korean Company and Executives for Stealing DuPont’s Kevlar Trade Secrets

 On October 18, 2012, the U.S. Attorney for the Eastern District of Virginia and other law enforcement officials announced a grand jury indictment against Kolon Industries Inc., a company headquartered in Seoul, South Korea, and several of its executives and employees, for allegedly engaging in a multi-year campaign to steal trade secrets related to DuPont’s Kevlar para-aramid fiber and Teijin Limited’s Twaron para-aramid fiber.  The indictment seeks forfeiture of at least $225 million in proceeds from the alleged theft of trade secrets from Kolon’s competitors.[1]