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The “Win-Win Cooperation Law Amendment” has been drafted to avoid the chronic problem of SMEs losing their technology to large companies. The responsibility of victims to prove damages is greatly alleviated and a ‘punitive damages compensation system’ is also introduced, in which three times the compensation is paid. This is reporter Lee Ji-eun. In 2015, Hyundai Heavy Industries requested Samyoung Machinery, which manufactures pistons, which are key parts of ship engines, for technical data. Samyoung Machines believed in a long-term partnership and provided drawings and manufacturing methods, but Hyundai Heavy Industries provided this data to Company B. Subsequently, the company had to supply the same piston to company B and, after requesting a price cut from Samyoung Machinery, the transaction was completely stopped. The acquisition of technology from SMEs is a constant problem in the industry, but until now, the burden of victims to prove harm has been very high. In the future, the burden of proof for SMEs in lawsuits for damages related to the acquisition of technology will be reduced and, instead, the liability of large companies will be strengthened. A punitive damage compensation system is also introduced in which SMEs are charged three times the amount of damages if they suffer damage from technology leakage. Also, when a large company receives technical data from a trading company, a confidentiality agreement needs to be entered into, and if it is not upheld, a fine of no more than 10 million won is decided. The revised law of the Win-Win Cooperation Law will be presented to the National Assembly on the 20th and will apply from the first semester of next year after its examination. YTN Lee Ji-eun[[email protected]]it is.
