Korea Startup Forum Welcomes Introduction of Measures to Eradicate Technology Theft

"A Significant Turning Point in Protecting Startup Technological Innovation"

The Korea Startup Forum (KOSPO) has expressed its support for the introduction of a Korean-style evidence disclosure system.

On September 11, KOSPO stated in an official statement, "The government's announcement on September 10 regarding measures to eradicate technology theft from small and medium-sized enterprises will serve as a significant turning point in protecting technological innovation among startups." The forum added, "This is a meaningful step, as the voices of startups that have long reported damages are now being institutionally reflected."

Korea Startup Forum logo. Korea Startup Forum

The forum also positively evaluated the institutionalization of the principle that unfair practices entail responsibility. KOSPO emphasized, "The Korean-style evidence disclosure system will lay the foundation for a fair litigation environment by ensuring that victimized companies are not solely burdened with the responsibility of proof. Additionally, making compensation for damages more realistic by including research and development (R&D) costs will send a clear signal to the market that 'there will always be consequences for stealing technology.'"

Furthermore, KOSPO expressed expectations that "granting the Ministry of SMEs and Startups the authority to conduct ex officio investigations and issue corrective orders will serve not merely as post-facto punishment, but as a preventive measure to block unfair practices at an early stage." The forum added, "This will mark the starting point for creating an environment where startups with innovative and differentiated technologies can confidently take on new challenges."

Lastly, KOSPO stated, "We will continue to work closely with the government, actively communicate the voices from the field, and take the lead to ensure that institutional reforms are implemented effectively."

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