Venture Industry Meets Chairman Joo Byungki, Calls for Eradication of Technology Theft

On-site Communication Meeting Held on the 25th

The Venture Business Association has requested that Joo Byungki, the newly appointed Chairman of the Fair Trade Commission, foster a fair market ecosystem.

On September 25, the Venture Business Association held an on-site communication meeting to eradicate technology theft at its headquarters in Guro-gu, Seoul, with Chairman Joo in attendance. The meeting was attended by Song Byungjun, Chairman of the Venture Business Association, Kwon Seongtaek, CEO of TOrder, Jo Youngsoo, CEO of CGI, as well as Park Heekyung, Head of Legal Support at the Gyeongcheong Foundation, among other venture company representatives.

At the on-site communication meeting to eradicate technology theft held on the 25th at the Venture Business Association's main conference room in Guro-gu, Seoul, attendees are taking a commemorative photo. (From the fourth person from the left) Song Byungjun, Chairman of the Venture Business Association, and Joo Byungki, Chairman of the Fair Trade Commission. Venture Business Association

The venture industry presented a range of institutional improvement tasks, including: the introduction of a Korean-style evidence collection system; prompt correction of unfair trade practices; strengthening support for victimized companies through the distribution of fines; ensuring the effectiveness of confidentiality orders; and preventing technology theft and false statements in public bidding processes. They also requested improvements to the system to help establish a fair market ecosystem.

Chairman Song stated, "The role of the Fair Trade Commission is crucial for venture companies to continue their innovative growth without concerns about technology theft," and added, "The association will continue to communicate the industry's voice to the Fair Trade Commission and will work closely to establish fair trade practices and vitalize the venture ecosystem."

Chairman Joo said, "Going forward, we will continue to listen to on-site voices and will carefully prepare the upcoming measures to eradicate technology theft by thoroughly collecting feedback from the industry and experts."