South Korea Vows To Prevent Technology Leaks With Heavier Penalties (reuters.com) 12
South Korea will prepare stronger measures in a bid to prevent overseas leaks of business secrets amid intensifying competition for advanced technologies, the finance minister said on Thursday. From a report: "We will prevent illegal leaks of advanced technologies to raise the global competitiveness of our companies and strengthen technology leadership," Minister Choi Sang-mok said.
The government will set up a "big data" system aimed at preventing technology leaks at the patent agency and introduce new regulations to ensure stronger punishment for culprits, Choi said. He did not specify what the stronger penalties would be under the new regulations. In the past five years, there have been 97 attempts to leak business secrets to a foreign country, with 40 of them in the semiconductor industry, according to the National Intelligence Service.
The government will set up a "big data" system aimed at preventing technology leaks at the patent agency and introduce new regulations to ensure stronger punishment for culprits, Choi said. He did not specify what the stronger penalties would be under the new regulations. In the past five years, there have been 97 attempts to leak business secrets to a foreign country, with 40 of them in the semiconductor industry, according to the National Intelligence Service.
The Real Side Effect...? (Score:2)
The real side effect of this will simply be to raise the bounty paid out for such leaks. I guess that will cost competing and/or belligerent powers more money, but it's always a case of building a better mousetrap, and inadvertently creating smarter mice.
Re: (Score:2)
Yeah, instead of $8M you get $8M and a passport, since most of these are foreign.
Murder has quite severe penalties (well, it used to before 2020) yet that deters few.
People seek wealth, fame, power, and sex. The odds of getting caught are too low to dissuade them.
Re:The Real Side Effect...? (Score:4, Funny)
I'm trying to keep the image of a naked Rupert Murdoch and his succession of younger women out of my mind.
Re: (Score:3)
Agreed. Had those terrorists on January 6th been shot, that would have sent a strong message to anyone else. But since the coward was in office then, he couldn't bear to see his supporters be penalized.
After all, he used the words "day of love" in his rambling, almost incoherent screed to Univision [cbsnews.com] to describe how the terrorists did nothing wrong in bringing hatchets [cnn.com], bear spray [npr.org], stun guns [go.com], baseball bats [cnn.com], and wea [npr.org]
Re: (Score:2)
Yeah, instead of $8M you get $8M and a passport, since most of these are foreign.
Is a Chinese passport actually a thing of value, though?
that's rich (Score:1)
Re: (Score:2)
This is pretty normal strategy everywhere and the main reason is the complacency of their original employers that are afraid of new ideas and sticks to the old because they have worked before. Then they get surprised why the best Sony CRT in the world no longer sells and is replaced by Samsung LCD screens.
I'm expecting Samsung and LG to fall for the same fate in a few decades.
As for knowledge leaks - it will happen, but they should worry about leaks to the north firsthand.