2 South Koreans caught for suspected smuggling of U.S. chips to China

SEOUL, Jan. 25 (Yonhap) -- South Korea's customs agency said Thursday it has caught two South Koreans for allegedly smuggling semiconductor chips produced by an American manufacturer to China worth more than 10 billion won (US$7.49 million).

The two officials of a foreign electronics distributing company, both in their 40s, were accused of exporting 96,000 U.S.-made computer chips worth 13.9 billion won combined to China without a customs declaration, according to the Korea Customs Service.