Kolon and Dupont settle trade secrets case
Korean firm admits stealing Kevlar technology and will pay $360m in fines and restitution
A long-running US trade secrets case has ended with South Korea’s Kolon Industries pleading guilty to criminal charges and agreeing settlement of a civil suit with DuPont of the US. Kolon will pay $85 million (£65 million) in fines to the US; $275 million in criminal restitution to DuPont, as well as undisclosed up-front and ongoing payments to settle the civil case.