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Fearing China, South Korea targets firms building Taiwan navy submarines

South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan’s new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.

In a Feb. 17, 2022 affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system. China agreed to lift those measures in late 2017.

The affidavit said SI Innotec’s deal to supply Taiwan with submarine manufacturing equipment “directly impacts the overall security of South Korea” and police, who had consulted with the country’s arms sales regulator, were “concerned about a crisis similar to a second THAAD deployment, such as economic retaliation”.

autotldr Bot ,

This is the best summary I could come up with:

In a Feb. 17, 2022 affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system.

The affidavit said SI Innotec’s deal to supply Taiwan with submarine manufacturing equipment “directly impacts the overall security of South Korea” and police, who had consulted with the country’s arms sales regulator, were “concerned about a crisis similar to a second THAAD deployment, such as economic retaliation”.

In a sign of a broader crackdown, two other South Korean companies that allegedly supplied Taiwan were also charged in November with breaking trade laws, and one of their chief executives was accused of industrial espionage, according to court records and four people familiar with the matter.

The SI Innotec affidavit and interviews with seven people with military, shipbuilding and legal ties show how political considerations about an economic rupture with China, Seoul’s largest trading partner, have weighed on South Korea’s investigations into the three companies.

The affidavit said many firms with submarine expertise avoided helping Taiwan because they did not expect government approval given the risk of “bigger damage to (the) economy than benefits”, including a possible Chinese ban on South Korean exports.

Taiwan drew on the expertise of retired South Korean naval officers - including managers at SI Innotec and KHNT - who are not required by defence ministry regulations to seek permission before working overseas.

The original article contains 1,440 words, the summary contains 249 words. Saved 83%. I’m a bot and I’m open source!

autotldr Bot ,

This is the best summary I could come up with:

In a Feb. 17, 2022 affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system.

The affidavit said SI Innotec’s deal to supply Taiwan with submarine manufacturing equipment “directly impacts the overall security of South Korea” and police, who had consulted with the country’s arms sales regulator, were “concerned about a crisis similar to a second THAAD deployment, such as economic retaliation”.

In a sign of a broader crackdown, two other South Korean companies that allegedly supplied Taiwan were also charged in November with breaking trade laws, and one of their chief executives was accused of industrial espionage, according to court records and four people familiar with the matter.

The SI Innotec affidavit and interviews with seven people with military, shipbuilding and legal ties show how political considerations about an economic rupture with China, Seoul’s largest trading partner, have weighed on South Korea’s investigations into the three companies.

The affidavit said many firms with submarine expertise avoided helping Taiwan because they did not expect government approval given the risk of “bigger damage to (the) economy than benefits”, including a possible Chinese ban on South Korean exports.

Taiwan drew on the expertise of retired South Korean naval officers - including managers at SI Innotec and KHNT - who are not required by defence ministry regulations to seek permission before working overseas.

The original article contains 1,440 words, the summary contains 249 words. Saved 83%. I’m a bot and I’m open source!

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