Game Records and Technical Data Transaction Registration System Contract Up 17%

Pre-Contract System Registration for Technology Transactions
Utilized as Evidence for Technology Theft

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 23rd that it secured a total of 402 contracts for the 'Technology Data Transaction Record Registration System (TTRS)' last year. This is a 17% increase compared to 343 cases in 2021. Kibo explained that usage has been steadily increasing since the system was introduced in 2019.

TTRS is a system designed to prevent technology theft that may occur during technology transactions by small and medium-sized enterprises (SMEs) in advance. It registers various materials such as technical data proposals before contracts in the system and uses them as evidence in case of future legal disputes. Kibo operates both the TTRS and technology escrow systems to prevent the leakage of SMEs' core technologies and to manage protection systematically.

Technology leakage occurs through illegal technology theft or during technology transactions such as subcontracting, technical consulting, and business proposals, with technologies owned by SMEs being particularly vulnerable. To prevent technology leakage during transactions, it is necessary to use the TTRS service or sign a non-disclosure agreement when providing technical data. If the trading company does not wish to sign a non-disclosure agreement, TTRS can be used as a useful means to secure evidence.

Kim Jong-ho, Chairman of Kibo, said, "As a comprehensive technology protection support organization, Kibo has expanded support to prevent technology theft damage to SMEs in advance," adding, "We will continue to activate TTRS further to eradicate the practice of technology theft and contribute to the rapid and practical recovery of affected companies' management."

This content was produced with the assistance of AI translation services.