Yonhap Infomax NewsSep 25
South Korea's Fair Trade Commission unveiled new measures, including a Korean-style discovery system, to combat technology misappropriation between large firms and SMEs, with Chairperson Joo Byung-ki pledging to ensure thorough implementation and enhanced relief for affected companies.
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#FairTradeCommission #TechnologyMisappropriation #KoreanStyleDiscovery #SMEs #JooByungKi
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83436
Joo Byung-ki Pledges to Tackle Technology Misappropriation in SME and Venture Sector

South Korea's Fair Trade Commission unveiled new measures, including a Korean-style discovery system, to combat technology misappropriation between large firms and SMEs, with Chairperson Joo Byung-ki pledging to ensure thorough implementation and enhanced relief for affected companies.

Yonhap Infomax
Yonhap Infomax NewsAug 27, 2025
South Korea's National Assembly has passed an amendment to the Subcontracting Act, enabling subcontractors to directly seek court injunctions against unfair trade practices, bypassing the Fair Trade Commission, with the new law set to take effect three months after promulgation.
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#SubcontractingAct #FairTradeCommission #Injunction #UnfairTradePractices #TechnologyMisappropriation
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78955
'Direct Court Injunctions Now Possible'—Amendment to Subcontracting Act Passes National Assembly

South Korea's National Assembly has passed an amendment to the Subcontracting Act, enabling subcontractors to directly seek court injunctions against unfair trade practices, bypassing the Fair Trade Commission, with the new law set to take effect three months after promulgation.

Yonhap Infomax
Yonhap Infomax NewsJul 23, 2025
South Korea's antitrust regulator fined Hyundai Kefico 474 million won ($340,000) for misappropriating SME technology, citing multiple violations of the Subcontracting Act.
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https://en.infomaxai.com/news/articleView.html?idxno=73333
KFTC Fines Hyundai Kefico for Misappropriating SME Technology

The Korea Fair Trade Commission fined Hyundai Kefico 474 million won ($340,000) for misappropriating SME technology, citing violations of the Subcontracting Act including unauthorized sharing of technical documents and lack of confidentiality agreements.

Yonhap Infomax