{"id":2201137,"date":"2023-05-25T08:00:46","date_gmt":"2023-05-24T23:00:46","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201137"},"modified":"2023-11-20T16:06:30","modified_gmt":"2023-11-20T07:06:30","slug":"south-korea-aims-to-curtail-overseas-tech-leakage-with-global-initiative","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/05\/south-korea-aims-to-curtail-overseas-tech-leakage-with-global-initiative\/","title":{"rendered":"South Korea aims to curtail overseas tech leakage with global initiative"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Korean Intellectual Property Office (KIPO) \u2014 South Korea\u2019s patent office \u2014 <\/span><a href=\"https:\/\/www.kipo.go.kr\/ko\/kpoBultnDetail.do?menuCd=SCD0200618&amp;ntatcSeq=19765&amp;aprchId=BUT0000029&amp;sysCd=SCD02\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> on Wednesday that it is gearing up to form an advisory committee to develop an international collaborative investigative system to respond to the leakage of technology and infringement of intellectual property rights overseas. The committee, comprising experts from academia, the legal profession and investigative agencies, will convene its first meeting on May 25. KIPO stated that technology leaks had cost South Korean companies about $19 billion (25 trillion won) in damages over the past five years, with significant hurdles in tracking down the criminals who flee overseas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The inaugural meeting will focus on sharing experiences and information. The committee will also discuss steps to build an international investigative system. KIPO hopes the system will help locate criminals who have fled overseas and formulate ways to recover their illicit profits.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Dear readers,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">At KOREA PRO, we are committed to providing engaging and informative content tailored to our discerning audience. Recognizing the significance of your perspectives in enriching our offerings, we cordially extend an invitation for your participation in a brief <\/span><\/i><a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLScvzlZJxcMly2_rwvE0IkCy2sS_Vd9F_t7F0dJeUzDW4ropMw\/viewform\"><i><span style=\"font-weight: 400;\">5-minute survey<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. This opportunity allows us to capture your invaluable feedback and insights, which we greatly appreciate and consider integral to our ongoing commitment to service excellence.<\/span><\/i><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">KIPO\u2019s initiative comes at a critical time when Chinese companies are <\/span><a href=\"https:\/\/www.ft.com\/content\/9e72a96f-5d92-460f-a154-0715c343e7c9\"><span style=\"font-weight: 400;\">poaching<\/span><\/a><span style=\"font-weight: 400;\"> South Korean engineers and researchers through legal and illegal means. The leakage of technology and intellectual property rights to overseas competitors presents substantial economic loss and threatens South Korean industries\u2019 competitive advantage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, this move by KIPO is also relevant in the broader context of industrial espionage. For instance, South Korean prosecutors <\/span><a href=\"https:\/\/www.spo.go.kr\/site\/suwon\/ex\/board\/View.do?cbIdx=1403&amp;bcIdx=1034355\"><span style=\"font-weight: 400;\">indicted<\/span><\/a><span style=\"font-weight: 400;\"> five suspects, including one Chinese national, for allegedly leaking crucial semiconductor technology from a Samsung subsidiary to an unnamed Chinese company earlier this year. Therefore, forming a dedicated international collaborative investigative system, though still in the planning stages, would be a significant move toward serving as a strategic initiative to counter such threats.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/culture-society\/\"><span class=\"tag\">Culture &amp; Society<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The Korean Intellectual Property Office (KIPO) \u2014 South Korea\u2019s patent office \u2014 announced on Wednesday that it is gearing up to form an advisory committee to develop an international collaborative investigative system to respond to the leakage of technology and infringement of intellectual property rights overseas. The committee, comprising experts from academia, the legal profession [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,25,29],"class_list":["post-2201137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-culture-society","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea aims to curtail overseas tech leakage with global initiative - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/05\/south-korea-aims-to-curtail-overseas-tech-leakage-with-global-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea aims to curtail overseas tech leakage with global initiative - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"The Korean Intellectual Property Office (KIPO) \u2014 South Korea\u2019s patent office \u2014 announced on Wednesday that it is gearing up to form an advisory committee to develop an international collaborative investigative system to respond to the leakage of technology and infringement of intellectual property rights overseas. 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