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Korean Government to Take Additional Tech Leak Countermeasures
Tech Protection
Korean Government to Take Additional Tech Leak Countermeasures
  • By Jung Suk-yee
  • December 15, 2015, 05:30
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On Dec. 14, the Ministry of Trade, Industry & Energy and the Small & Medium Business Administration released their plans for technology leakage prevention for 2016 to 2018, and the protection of the technology of small firms covering the same period, respectively.

According to the first plan, the ministry is to take measures in order to better protect the 47 technologies in eight industrial fields that have been designated as national key technologies in the framework of its previous plan for 2013 to 2015. To this end, manuals are to be prepared with regard to joint R&D projects with foreign enterprises, the transfer and use of technology, M&As, and other matters. The manuals are expected to cover business secret protection, precautions regarding contract drafting, security system examination in partner companies, and the like.

At the same time, the number of the CEOs of small firms that can join security training sessions will be increased from 500 to 2,000 between this year and 2018, while incentives are to be provided for those who complete the master’s course in industrial security. Those involved in technology thefts are likely to face a much more severe punishment than before.

The government is planning to set up an arbitration and mediation committee for the same purpose as well so that technology disputes can be settled early and legal fees can be granted. Small companies with compromised intellectual property rights can be subsidized during their civil suits and can get assistance from public patent attorneys in the event of patent litigation.