Revised Law on Technology Transfer
The revised Law on Technology Transfer, which was passed in June, is expected to create a solid legal basis to promote technology transfer, technology innovation, commercialization of scientific research and technological development results, and application of latest science and technology advances.
Legal requirements for information disclosure and transparency in the equitization of SOEs
According to a government report, during 2011-15, 508 SOEs were equitized. The speed of equitizing big SOEs has been recognized to increase significantly over the past five years. As of October 2016, there remained 718 companies in which the State held 100% of charter capital. For the period from 2016 to 2020, the Government has identified enterprises where the State holds 100% of capital and dominant shares, including those operating in key industries, important geographical areas, and security and defense fields, applying high technologies, requiring large-scale investment and creating socio-economic impetus that lack investment from other sources.