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South Korea stated on Monday it can toughen sentencing for stealing industrial secrets and techniques, after considerations that present regulation was not robust sufficient to discourage makes an attempt to funnel applied sciences from corporations like Samsung.
South Korea has been cracking down on know-how leaks in latest months, because the nation seeks to take care of its dwindling lead in reminiscence chips and shows in opposition to opponents.
South Korea’s Sentencing Fee, overseen by the Supreme Court docket of Korea, determined this month to toughen punishments and lengthen jail instances for leaking South Korean know-how, the business ministry stated in an announcement on Monday. Particulars on the brand new sentencing tips are anticipated early subsequent yr.
The business ministry didn’t say which nation it’s concentrating on, however analysts stated China is the suspected vacation spot of the majority of South Korean know-how leaks.
Though South Korea’s penalties for know-how leaks are just like these in different international locations, together with jail phrases of 5 years or extra for leaking know-how with “vital impression on nationwide and financial safety”, in apply sentencing falls quick on account of hard-to-meet necessities, the business ministry stated.
Earlier guidelines required prosecutors to show a suspect’s intent to leak secrets and techniques for an motion to be punished as a core know-how leak. This led to acquittal in 30% and suspended sentences in 54% of such circumstances earlier than South Korean courts, it stated.
Guidelines to dam know-how leaks that had not been regulated, comparable to leaks after a overseas non-public fairness fund buys out a South Korean firm, can even be included in a revised draft legislation to be submitted to parliament, the ministry stated.
South Korean police stated in June that they had arrested 77 individuals in 35 circumstances of suspected industrial espionage in a nationwide investigation over the previous 4 months.
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