Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-Tech Strategic Industries.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The purpose of this Act is to contribute to national and economic security and development of the national economy by establishing a sustainable foundation for growth of industries through the creation of innovative ecosystems of national high-tech strategic industries and the strengthening of their technological capabilities.
"National high-tech strategic technology" means a technology designated pursuant to Article 11 as a technology which has great impact on the national and economic security, including the stabilization of supply chains and the nation's economic activities, such as export and employment, and has a significant ripple effect on related industries (art.2).
The State and local governments shall recognize the importance of strategic industries, etc. in securing the national and economic security and strive to devise policy measures necessary for fostering and protecting strategic industries, etc. A business entity who possesses strategic technology or engages in related industries shall endeavor to create a foundation for research and development necessary for the development of strategic technology and to prevent the divulgence of strategic technology (art.3). The Government may support the following matters for innovative development of small and medium enterprises or middle-standing enterprises engaging in strategic industries, etc.: 1. Research and development, demonstration, safety management, and construction of related infrastructure; 2. Development and operation of educational programs for supporting specialized personnel and training personnel for research and development or the operation of research equipment; etc. (art.24)
The Act further makes provisions, inter alia, for: establishment of the National Strategic Industry Committee and the High-Tech Strategic Technology Coordination Committee, formulation of master plans for fostering and protection of strategic industries, designation, change, and cancellation of designation, of strategic technology, surveys on current status of strategic industries and forecasts of development prospects, designation of specialized complexes for strategic industries, protective measures for strategic technology, approval for export of strategic technology, etc.
"National high-tech strategic technology" means a technology designated pursuant to Article 11 as a technology which has great impact on the national and economic security, including the stabilization of supply chains and the nation's economic activities, such as export and employment, and has a significant ripple effect on related industries (art.2).
The State and local governments shall recognize the importance of strategic industries, etc. in securing the national and economic security and strive to devise policy measures necessary for fostering and protecting strategic industries, etc. A business entity who possesses strategic technology or engages in related industries shall endeavor to create a foundation for research and development necessary for the development of strategic technology and to prevent the divulgence of strategic technology (art.3). The Government may support the following matters for innovative development of small and medium enterprises or middle-standing enterprises engaging in strategic industries, etc.: 1. Research and development, demonstration, safety management, and construction of related infrastructure; 2. Development and operation of educational programs for supporting specialized personnel and training personnel for research and development or the operation of research equipment; etc. (art.24)
The Act further makes provisions, inter alia, for: establishment of the National Strategic Industry Committee and the High-Tech Strategic Technology Coordination Committee, formulation of master plans for fostering and protection of strategic industries, designation, change, and cancellation of designation, of strategic technology, surveys on current status of strategic industries and forecasts of development prospects, designation of specialized complexes for strategic industries, protective measures for strategic technology, approval for export of strategic technology, etc.
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Repealed
No
Source language
English
Legislation Amendment
No