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South Korea to toughen crackdown on technology theft, increase fines

By Wooyoung Lee ( September 10, 2025, 05:36 GMT | Insight) -- South Korea will significantly toughen its crackdown on technology theft, giving the Ministry of SMEs and the Korea Fair Trade Commission stronger investigative powers and raising the maximum fine for leaking national strategic technologies from 1.5 billion won ($1 million) to 65 billion won. The new government-wide measures, in line with President Lee Jae Myung’s pledge to protect smaller businesses from technology theft, substantially expands the Ministry of SMEs’ authority.South Korea will significantly toughen its crackdown on technology theft, giving the Ministry of SMEs and the Korea Fair Trade Commission stronger investigative powers and raising the maximum fine for leaking national strategic technologies from 1.5 billion won ($1 million) to 65 billion won....

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