On the 25th, the venture industry met with Fair Trade Commission Chairperson Ju Byung-gi and requested institutional improvements for a fair market ecosystem, including eradicating technology theft.
The Korea Venture Business Association invited Chairperson Ju to its office in Guro District, Seoul, that day and held a "field communication roundtable to eradicate technology theft."
The association presented a range of institutional improvement tasks—such as introducing a Korea-style evidence collection system; swift correction of unfair transactions; strengthening support for victimized companies, including distribution of the penalty surcharge to victims; ensuring the effectiveness of confidentiality orders; and preventing technology misuse and false entries in public bidding processes—and requested institutional improvements to build a fair market ecosystem.
Song Byung-jun, head of the Korea Venture Business Association, said, "For venture companies to continue innovative growth without worrying about technology theft, the role of the Fair Trade Commission in creating a fair transaction environment is very important," and added, "The association will continue to convey the industry's voice to the Fair Trade Commission and will keep cooperating to establish fair-trade order and revitalize the venture ecosystem."
In response, the chairperson said, "We will continue to create opportunities for communication to listen closely to voices on the ground, and we will also draw up the technology theft eradication measures currently being prepared by fully gathering opinions from the industry and experts."
Attending the roundtable were association head Song Byung-jun; Kwon Sung-taek, CEO of t'order; Cho Young-su, CEO of CGI; and heads of other venture firms, as well as Park Hee-kyung, head of the legal support team at the Kyungcheong Foundation.