The suspicion that satellite company Cerecast AI leaked national core technology, which surfaced last year, was deemed to have "no grounds for prosecution" by the police.
On the 2nd, Cerecast AI announced that it had received a decision of non-referral due to "no grounds for prosecution" from the police regarding suspicions including the leakage of national core technology.
Cerecast AI was under police investigation on charges that an employee transferred national core technology to the United Arab Emirates and other countries without government approval in 2022.
The police conducted an investigation into suspected violations of the Industrial Technology Protection Act due to the leakage of national core technology, and suspected violations of the Defense Industry Technology Protection Act due to non-compliance with export procedures related to defense technology.
Cerecast AI stated that during the investigation process, it explained the facts based on objective materials and consistently pointed out the appropriateness of applying the laws.
In the notice of investigation results, the police stated, "It was confirmed that Cerecast AI had an attitude of complying with export-related laws, such as voluntarily applying for a determination of national core technology and receiving the result." It also specified that "there is no evidence to substantiate the alleged facts under the Industrial Technology Protection Act and the Defense Industry Technology Protection Act."
Director Kim I-eul (CEO) said, "We will strive harder for the development of our country's space industry with the posture of taking the first step on a field where the first snow has fallen," adding, "We expect that this incident will serve as an opportunity for our space companies to enter overseas markets in a more stable and predictable environment."
Cerecast AI is a first-generation domestic space company. It was founded by personnel from the KAIST Satellite Research Institute, which launched Korea's first artificial satellite, 'Uri Byeol 1' (Our Star 1), in 1999. It is currently a subsidiary of Hanwha Aerospace.
in TECH
