Korean Law in English
Laws › Unfair Competition Prevention and Trade Secret Protection Act › CHAPTER IV SUPPLEMENTARY PROVISIONS

Unfair Competition Prevention and Trade Secret Protection Act — Article 16 (Payment of Monetary Rewards for Reports)

부정경쟁방지 및 영업비밀보호에 관한 법률 제16조

This English translation is based on the Korean text effective 2024-08-21. The Korean law has since been amended (current version effective 2026-05-28) — check the Korean original.

(1) The Commissioner of the Korean Intellectual Property Office may pay a monetary reward to a person who files a report on a person who has conducted an act of unfair competition referred to in subparagraph 1 (a) of Article 2 (limited to cases related to registered trademarks defined in Article 2 (1) 10 of the Trademark Act) within the budget. <Amended on Feb. 29, 2016>

(2) Standards for the payment of monetary rewards for reports and the methods and procedures therefor under paragraph (1) shall be prescribed by Presidential Decree.[This Article Newly Inserted on Jul. 30, 2013]

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