Minister Han Seongsuk: "Accelerating Institutionalization of SME Technology Protection Measures"

Minister Han Announces Detailed Follow-up Measures
to Eradicate Technology Theft Targeting SMEs

Minister Han Seongsuk of the Ministry of SMEs and Startups announced that the government will prepare detailed follow-up measures to eradicate technology theft targeting small and medium enterprises.

Minister Han Seongsuk of the Ministry of SMEs and Startups is delivering opening remarks at the "First Meeting on Measures to Eradicate Technology Theft in Small and Medium Enterprises." Photo by Yoon Dongju

On September 2, at the Plaza Hotel Seoul in Jung-gu, Seoul, Minister Han made this statement during the 'Second Meeting to Develop Measures to Eradicate Technology Theft in Small and Medium Enterprises.'

This meeting was organized to explain and discuss the government's action plan, which reflects various opinions presented by small and medium enterprises, associations and organizations, and experts at the first meeting on SME technology protection held on August 1.

The government presented the following as its main action plans: ▲Addressing information asymmetry in technology theft litigation ▲Accurately calculating the full amount of damages ▲Strengthening sanctions against acts of technology theft targeting small and medium enterprises. As detailed measures, the government proposed: ▲Introducing and establishing a Korean-style discovery system ▲Preparing and promoting the use of standard guidelines for realistic damage assessment during litigation ▲Strengthening sanctions against technology theft targeting small and medium enterprises ▲Enhancing inter-ministerial cooperation for early response to technology theft damages.

Representatives from small and medium enterprises, relevant associations and organizations, and experts in the field of technology protection who attended the meeting actively provided their opinions on the government's key action plans.

The Ministry of SMEs and Startups plans to announce the 'Measures to Eradicate Technology Theft in Small and Medium Enterprises,' which will incorporate the outcomes of these discussions, as soon as possible, and to accelerate detailed follow-up actions for each task through inter-ministerial collaboration.

Minister Han stated, "The innovative technologies of small and medium enterprises are a strong pillar supporting the industrial ecosystem and a valuable foundation for national economic growth," adding, "We will institutionalize the matters discussed to protect innovative technologies and continue to implement field-oriented technology protection policies for small and medium enterprises."

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