The Fair Trade Commission said that on the 25th, Chairperson Joo Byung-gi held a meeting with the small and venture sector and heard on-site opinions regarding technology theft.
The meeting was attended by the president of the Venture Business Association and representatives of small and venture corporations, and participants called for strong sanctions against offending corporations and the preparation of practical compensation and relief measures for victim corporations.
The Fair Trade Commission plans to expand ex officio investigations in areas where the likelihood of technology theft is high. It also plans to introduce a "Korean-style discovery system," under which court-appointed experts collect materials, to make it easier for victim corporations to secure evidence during lawsuits.
In addition, the plan is to create an "unfair trade damage relief fund" using the penalty surcharge imposed and collected by the Fair Trade Commission as a financial source, so that victim corporations can receive loan or litigation support.
Chairperson Joo said, "Technology theft is a structural problem that dampens the innovation drive of venture corporations and harms the corporate ecosystem," adding, "I will make the eradication of technology theft the top priority during my term."