South Korea introduces cybersquatting legislation

Friday, 14 November 2003

The South Korean government has enforced new regulation regarding cybersquatting, the practice of ransoming popular domains to well-known businesses, products or individuals.

Officials from the Ministry of Commerce, Industry and Energy assert that anti-cybersquatting bills will soon be introduced in the National Assembly future.

If implemented, the bills will allow affected businesses and individuals to take legal action against cybersquatters and sue for damages in a court of law.

Successful defendants will have the relevant domains returned to them in addition to any court-enforced cash damages.

Legislation is likely to come into practical effect in July 2004.