Competition 2022


GKBF intends  to organize and host the event German Korean Business Forum 2022 (“Event”) in Seoul, South Korea. The Business Forum is a platform for business exchange between SME’s and startups from Korea and Germany. In 2022, the Event will take place in Seoul specifically to the topic of digital health. A delegation of companies and startups from Europe from this sector will come to Seoul to meet potential business partners in Korea.

GKBF invites Korean companies, especially startups,SME and research projects (“Participant”) to apply for the “German-Korean Business Forum Competition 2022” (“Competition”) which will grant selected Participant access to the workshops of the Event in Pangyo on June 16th and / or 17th.   

This being premised, the Terms & Conditions for the Competition are as follows:

§ 1 Subject Matter of the Competition

  1. GKBF is the organizer of the Competition. 
  2. The objective of the Competition is to find innovative, sustainable and forward-looking ideas within at least one of the following challenges:  
    1. Diabetes innovations: Minimal / Non-invasive measurement of body parameters; Measurement and/or use of measured data relevant for the therapy of diabetes. These include in particular blood glucose levels, but also data on metabolism, physical activity, blood pressure, cholesterol, nicotine, body weight, general fitness, etc.
    2. Battery technologies: Improving capacity and recharging of batteries that power implants and / or sensors that are mounted to the body, technological approaches to reduce energy consumption and energy harvesting technologies.
    3. Digital Health: innovative ideas in the field of digital health. 
  3. GKBF will grant up to 3 Participants access to the workshops of the Event on June 16th and / or 17th in Pangyo. GKBF accepts applications on a rolling basis and will notify the nominated Participants directly. GKBF and the Event sponsors and partners have the right to publicly announce the nominated Participants.

§ 2 General Rules

  1. By submitting an application, the Participant unconditionally agrees to the rules stated here and the decisions of GKBF. 
  2. GKBF reserves the right to change these Terms & Conditions at any time. GKBF is entitled to cancel the Competition prematurely at any time without notice and without giving reasons.
  3. GKBF reserves the right to disqualify the Participant at any time if it violates these Terms & Conditions or shows inappropriate behavior.  
  4. The Participant must comply with all relevant laws and regulations. The Participant agrees to indemnify and hold GKBF, the Event Sponsors and Partners in the event of liability during the Competition or Event harmless. 
  5. All costs related to the application and participation in the Competition must be borne by Participant. 

§ 3. Eligibility

  1. Any company or research project from Korea which fits the criteria of the listed challenges can apply. 
  2. Only completed applications before the submission deadline lapses will be considered. The applications must be submitted in English. 
  3. The individual submitter declares that he or she has the legal authority to submit the application on behalf of the Participant. 

§ 4 Intellectual Property Rights

  1. By applying the Participant does not transfer any ownership or proprietary rights.
  2. The Participant warrants that its submission does not infringe any intellectual property rights. It is the Participant’s responsibility to obtain any and all necessary permissions from third parties to use their Intellectual Property Rights during the Competition. 
  3. GKBF reserves the right to demand additional evidence to validate the compliance with this paragraph. 

§ 5 Media Coverage

The Participant agrees that during the duration of the Event, film and photo recordings are made for the purpose of media coverage.

§ 6 Force Majeur

If the event cannot take place on the agreed date as a result of force majeure (such as, but not limited to, fire, industrial action, war, civil unrest, warlike or terrorist acts, imminent or actual environmental disasters, volcanic eruptions, earthquakes, pandemics, government restrictions, etc.) or other compelling reasons for which GKBF is not responsible, GKBF may postpone the event or terminate the contract by written notice.

§ 7 Confidentiality

  1. The Party disclosing information of an economic, business, technical or other confidential nature (“Confidential Information“) to the other Party (“Delivering Party“) has a confidentiality interest in the Confidential Information disclosed to the Party receiving Confidential Information (“Receiving Party“). The Receiving Party therefore undertakes to treat all Confidential Information disclosed to him/her or otherwise made available to him/her strictly confidential and not to make it available to third parties, either in whole or in part, unless the Delivering Party has given its prior written consent to disclosure to third parties and the third party has undertaken to maintain confidentiality in a manner consistent with this Agreement. This shall apply both to Confidential Information handed over before and after the signing of this Agreement. The obligation of confidentiality does not exist with regard to the fact that DKF is conducting the Event and the Supporter is participating in the Event as a supporter. Furthermore, the disclosure of confidential information shall not constitute a breach of this provision to the extent necessary to fulfill the contractual obligations under this Agreement. DKF may expressly share the information and names obtained from the Supporter regarding potential Korean partners, startups and companies with participants of the Event. 
  1. The Receiving Party undertakes to comply with the obligation laid down in para. 1, in particular to all times take measures of secrecy as appropriate under the circumstances for the Confidential Information., in particular:
    1. to immediately notify the Delivering Party in writing of any breach of confidentiality obligations under this Agreement, any loss or unauthorized leakage of Confidential Information to unauthorized parties and/or successful external attacks on electronic data processing systems in which Confidential Information is stored, to investigate such incidents by all reasonable means, to detect the detention of the Confidential  Information by unauthorised parties and to report regularly to the Delivering Party on the progress of such actions and any findings concerning the identity of the unauthorised parties;
    2. to take all other reasonable measures to prevent the disclosure of Confidential Information to unauthorised third parties and to protect the interests of secrecy of the Delivering Party;
    3. that the Receiving Party may use the Confidential Information made available, made accessible, handed over or otherwise transferred to it exclusively for the purposes of the Agreement and in particular may not use it for its own commercial purposes or those of other customers, unless and insofar as a written agreement to the contrary is made at a later date; 
    4. that the Receiving Party is obliged to make the Confidential Information it has received available only to those of its own employees, consultants and subcontractors who need to know such information in order to participate in the project (need-to-know principle) and who have been informed about the confidential nature of such information, obligated to keep it confidential, knowing that the confidentiality obligations imposed on employees, consultants and subcontractors shall not fall short of the level of protection provided by this Agreement. To the maximum extent permissible, this obligation shall still apply after the contractual relationship with the aforementioned Parties is ended.
  2. The Parties agree that the protective measures and other obligations provided for in this Agreement, if complied with, constitute, appropriate confidentiality measures under the circumstances within the meaning of § 2 No. 1 lit. b) GeschGehG or other national implementations of Article 2 No. 1 c) Know-How-Directive and/or Article 39 (2) c) TRIPS Agreement or under any other regime of legal protection of trade secrets (irrespective of the term used to refer to trade secrets) applicable in a given jurisdiction where such appropriate confidentiality measures are a prerequisite to obtain the legal protection of trade secrets or the legal status of a trade secret.
  3. The obligation of secrecy shall not extend to information for which the Receiving Party can prove that 
    1. that the Receiving Party demonstrably was already aware of the information prior to the notification; or 
    2. it was already apparent, publicly known and freely available at the time of notification to the Receiving Party, or thus became thereafter; or 
    3. became apparent after transmission through no fault of the Receiving Party without violation of this Agreement; or 
    4. substantially correspond to information that has been disclosed or made available to the Receiving Party at any time by an authorised third party; or 
    5. was developed by the Receiving Party independently of the Confidential Information; or 
    6. has been expressly authorised in advance and in writing by the Delivering Party for publication; or 
    7. it must be disclosed pursuant to a binding order of a governmental or judicial authority or pursuant to mandatory legal provisions, provided that the Delivering Party has – if possible – been immediately notified in writing. 

However, this does not exclude information resulting from a combination of the information transmitted or made available by the Delivering Party to the Receiving Party with previously known or generally accessible information.

§ 8 Final Provisions

  1. All legal relations established between the Parties under this Agreement and in the future are governed by the laws of Germany, excluding all conflict of laws provisions and the United Nations Convention on Contracts for the International Sale of Goods (CISG). 
  2. For all disputes arising in connection with these Terms & Conditions or concerning their validity, the courts competent at the location of Frankfurt (am Main), Germany shall be the place of jurisdiction. 
  3. No subsidiary agreements to these Terms & Conditions have been made. Changes and amendments to these Terms & Conditions and this clause must be made in writing or by hand-signed scan by e-mail.
  4. If a provision of these Terms & Conditions are or become invalid, it shall be replaced by a valid provision that comes as close as possible to the economic purpose of these Terms & Conditions; the validity of the remaining provisions shall not be affected. The same shall apply if it becomes apparent that there is a gap in these Terms & Conditions