# South Korea Plans Tougher Penalties to Stop Technology Leaks! 🇰🇷

**URL:** <https://onehack.st/t/south-korea-plans-tougher-penalties-to-stop-technology-leaks/293879>\
**Category:** News & Articles\
**Tags:** tools, technology, news\
**Created:** [October 17, 2024, 6:02pm UTC](https://onehack.st/t/south-korea-plans-tougher-penalties-to-stop-technology-leaks/293879 "2024-10-17T18:02:26Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 17, 2024, 6:02pm UTC](https://onehack.st/t/south-korea-plans-tougher-penalties-to-stop-technology-leaks/293879/1 "2024-10-17T18:02:27Z")

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**Summary:**

1. **Strengthening Measures Against Leaks**  
South Korea is implementing stronger strategies to prevent the illegal overseas transfer of **business secrets** , particularly in the context of rising competition for advanced technologies.

2. **Focus on Global Competitiveness**  
The Finance Minister, **Choi Sang-mok** , emphasized the need to protect advanced technologies to boost the global competitiveness of South Korean companies.

3. **Introduction of Big Data Systems**  
The government plans to establish a **big data** system within the patent agency to monitor and prevent technology leaks effectively.

4. **New Regulations and Penalties**  
Although specific penalties have not yet been disclosed, new regulations will impose tougher punishments for those involved in leaking technologies.

5. **Recent Leak Attempts**  
Over the past five years, there have been **97** recorded attempts to leak business secrets to foreign countries, with a significant portion originating from the **semiconductor industry**.

**Read more at:** [Reuters](https://www.reuters.com/markets/asia/south-korea-vows-prevent-technology-leaks-with-heavier-penalties-2024-10-17/)