Unfair Competition Prevention and Trade Secret Protection Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The purpose of this Act is to maintain orderly trade by preventing acts of unfair competition such as improper use of domestically well-known trademarks and trade names, and by preventing infringement of trade secrets.
To prevent unfair competition and protect trade secrets, the Commissioner of the Korean Intellectual Property Office shall establish a basic plan for the prevention of unfair competition, etc. every five years. Article 3-2 provides for the prohibition of acts use of geographic marks protected under free trade agreements.
In order to have an electronic document certified as to whether it is an original document containing trade secrets, a person who possesses trade secrets may file for registration of the unique identification value extracted from the relevant electronic document with an agency that certifies the original documents of trade secrets. The Commissioner of the Korean Intellectual Property Office may designate a person who has the expertise in the duties of certifying electronic documents containing trade secrets as the original by using electronic fingerprints, as an agency that certifies the original documents of trade secrets.
The Act further makes provisions for: liability for compensation of damage from acts of unfair competition, investigation of acts of unfair competition, liability for damages for infringement on trade secrets, etc.
To prevent unfair competition and protect trade secrets, the Commissioner of the Korean Intellectual Property Office shall establish a basic plan for the prevention of unfair competition, etc. every five years. Article 3-2 provides for the prohibition of acts use of geographic marks protected under free trade agreements.
In order to have an electronic document certified as to whether it is an original document containing trade secrets, a person who possesses trade secrets may file for registration of the unique identification value extracted from the relevant electronic document with an agency that certifies the original documents of trade secrets. The Commissioner of the Korean Intellectual Property Office may designate a person who has the expertise in the duties of certifying electronic documents containing trade secrets as the original by using electronic fingerprints, as an agency that certifies the original documents of trade secrets.
The Act further makes provisions for: liability for compensation of damage from acts of unfair competition, investigation of acts of unfair competition, liability for damages for infringement on trade secrets, etc.
Attached files
Web site
Repealed
No
Source language
English
Legislation Amendment
No