[Bills in Focus] Fighting trade theft, reinforcing depositor protection
PoliticsOct 30, 2023
Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who report activities that leak trade secrets to foreign countries. Such activities include employing a trade secret in a foreign country or knowingly leaking a trade secret for use in a foreign country.