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Gov't considering introducing punitive damages for stealing SMEs' technology

2018-09-06 0 Dailymotion

Small and medium enterprises in Korea will be better protected from technology theft by large corporations or state enterprises.<br /> At an inter-ministerial meeting on Wednesday,.... the Ministry of SMEs and Startups said,... it's considering introducing punitive fines for firms that steal technology from SMEs.<br />If large corporations or state enterprises steal SMEs' technology,.... they will have to pay compensation worth ten times the original value of the technology.<br />The ministry said,.... technology theft by large corporations reduces incentives for SMEs,... and it will amend the laws related to technology protection to introduce the proposed measures. <br />

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