Employees, Trade Secrets and Restrictive Covenants in South Korea

Employees, Trade Secrets and Restrictive Covenants in South Korea
Byung-Il Kim

ISBN 978-90-411-8379-8
Kluwer Law International BV, The Netherlands

In recent years, the rapid advances in technology and the evolution in social and economic information have led to the increasing importance of trade secrets in Korea. Advanced technology has also increased the possibility of accidentally or intentionally acquiring information, and has been accompanied by an increase in sharp practice related to trade secrets. With the increase in industrial espionage through the entice- ment of present and/or former employees of a company by a competitor, the issue of protecting trade secrets has gained a great deal of attention. Thus, an eficient legal system became a necessity in order to prevent acts of unfair competition such as the misappropriation of trade secrets and to maintain fair competition in the market.