South Korea to toughen punishments for technology leaks in chips, displays

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South Korea has been cracking down on technology leaks in recent months, as the country seeks to maintain its dwindling lead in memory chips and displays against competitors

South Korea’s Sentencing Commission, overseen by the Supreme Court of Korea, decided this month to toughen punishments and lengthen jail times for leaking South Korean technology, the industry ministry said in a statement on Monday. Details on the new sentencing guidelines are expected early next year.

Although South Korea’s penalties for technology leaks are similar to those in other countries, including jail terms of five years or more for leaking technology with “significant impact on national and economic security”, in practice sentencing falls short due to hard-to-meet requirements, the industry ministry said.

 

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