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UDN: South Korean Industries Push New Laws to Prevent Core Technologies from Leaking to China

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that South Korean industrial associations are pushing new laws to impose heavy punishment for leaking the nation’s core technologies. In the past years, major South Korean industries like semiconductors, displays, and automobiles have been seeing a severe outflow of core technologies and key talent to China. The proposed new laws include a redefinition of core national technologies and information protection, as well as punishment for leaking the core technologies. The damage from losing technologies and talent to China is having a more and more significant impact. The proposal also asked for establishing limitations on the movements of core people and for a Non-Disclosure Agreement (NDA) to be a required document for talent working on core technologies to sign.

Source: UDN, May 18, 2019