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Ruling party, gov't to strengthen punishment against tech theft
Ruling party, gov't to strengthen punishment against tech theft
PoliticsJun 7, 2023
The government and the ruling People Power Party (PPP) decided Wednesday to significantly toughen punishment of conglomerates stealing ideas or technology from smaller companies, a lawmaker said. The two sides agreed to revise relevant laws to increase the limit of punitive damages from the current three times to five times the actual amount of damages caused, Rep. Park Dae-chul of the PPP said after a meeting with startups and government officials. "The Yoon Suk Yeol administration has des