SEOUL: South Korea said on Monday (Aug 28) it will toughen sentencing for stealing industrial secrets, after concerns that current regulation was not strong enough to deter attempts to funnel technologies from companies like Samsung. South Korea has been cracking down on technology leaks in recent months,
SEOUL: South Korea said on Monday it will toughen sentencing for stealing industrial secrets, after concerns that current regulation was not strong enough to deter attempts to funnel technologies from companies like Samsung.
South Korea's Sentencing Commission, overseen by the Supreme Court of Korea, decided this month to toughen punishments and lengthen jail times for leaking South Korean technology, the industry ministry said in a statement on Monday. Details on the new sentencing guidelines are expected early next year.
Although South Korea's penalties for technology leaks are similar to those in other countries, including jail terms of five years or more for leaking technology with"significant impact on national and economic security", in practice sentencing falls short due to hard-to-meet requirements, the industry ministry said.
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