KFTC to launch new division dedicated to monitoring misuse of technology
( December 20, 2022, 04:55 GMT | Official Statement) -- MLex Summary: The Korea Fair Trade Commission is launching a new division dedicated to monitoring the misuse of technology by larger companies against small- and medium-size enterprises, making the current temporary team into a permanent division within the agency. The state council approved the KFTC's plan to restructure its organization today. The new division will consist of 11 officials with diverse expertise, including a patent attorney, another lawyer, accountant, engineer and patent examiners. It will also invite some 40 external experts specializing in artificial intelligence, chemicals, automobile, biomedical and more to be part of the investigation process. The creation of the division is part of the policy agenda set by the current administration that vows to tackle exploitative conduct by larger companies against smaller ones. The temporary team, created in 2018, had identified 25 instances of technology misuse, imposed fines of 7.6 billion won ($5.8 million), and made criminal referrals for 10 entities and 25 individuals.The statement, in Korean, is attached....
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