Violation Tracker Individual Record

Company: 
Kolon Industries Inc.
Current Parent Company: 
Kolon Industries
Penalty: 
$360,000,000
Year: 
2015
Date: 
April 30, 2015
Offense Group: 
competition-related offenses
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Kolon Industries Inc., a South Korean industrial company, pled guilty to conspiracy to steal trade secrets involving E.I. DuPont de Nemours & Co.'s Kevlar technology. The company was sentenced to pay $85 million in criminal fines and $275 million in restitution.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
South Korea
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.