Korea Cabinet OKs Bills to Expand Penalties for Industrial Espionage, Cybersquatting

Law360, New York (November 4, 2003, 12:00 AM EST) -- South Korea's cabinet council has approved bills aimed to toughen penalties for industrial espionage and to ban "cybersquatting," Korean English daily JoongAng Daily said Tuesday in its joint publication with the International Herald Tribune.

The bills will soon be introduced in the National Assembly, officials at the Ministry of Commerce, Industry and Energy told the newspaper. If the assembly passes the bills into law, they will take effect in July 2004.

Under the new industrial espionage bill, persons found guilty of trying to sell misappropriated trade...
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