SEOUL, March 15 (Korea Bizwire) – South Korean companies must be better prepared to protect their intellectual property (IP) rights, especially when doing business in China, a report said Wednesday, citing a recent rise in IP-related disputes in China. According to the report from the state-run Korea Trade-Investment Promotion Agency (KOTRA), the number of IP-related [...]
SEOUL, Feb. 21 (Korea Bizwire) – A Seoul appeals court on Tuesday ruled in favor of South Korean fashion brand PLAYNOMORE in a copyright lawsuit filed by Hermès, upsetting a previous ruling in favor of the French luxury brand. The dispute goes back to November 2015 when Hermès filed a lawsuit against the Korean company, [...]
SEOUL, Jan. 29 (Korea Bizwire) – When it comes to innovation and new business models, free rider problems are among the most discouraging practices in the tech industry. Start-ups and SMEs have complained incessantly that conglomerates snatch away and make illicit use of fresh new ideas originally conceived by bright-minded entrepreneurs, thereby severely damaging their [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korea’s deficit in the trade of intellectual property rights narrowed from a year earlier in the first quarter on the back of a sharp cut in shortfalls from industrial property rights, data showed Wednesday. In the January-March period, South Korea posted a trade deficit of US$780 million in [...]
SEOUL, June 30 (Korea Bizwire) – One of the greatest former Go-players, Cho Hunhyun, now a Saenuri Party Representative, suggested that Go match records should be protected under copyright law in a report for a provisional session of the Education, Culture, Sports & Tourism Committee. Rep. Cho told Kim Jong-deok, Minister of Culture, Sports and Tourism, [...]
SEOUL, June 27 (Korea Bizwire) – Korea’s Fair Trade Commission (FTC) revealed Sunday that it has made adjustments to what it deemed as unfair clauses in the terms of service of four major social media platforms – Facebook, Instagram, Twitter, and KakaoStory. The four social media platforms did not clarify, in their terms of service, [...]
SEOUL, June 24 (Korea Bizwire) – After months of rumors and speculation, Apple’s music streaming service, Apple Music, has made a big step forward to introducing its services in Korea. In contrast to the global popularity of music services like Spotify, Deezer, and Pandora, the Korean music market for music sales and streaming is dominated [...]
SEOUL, Dec.10 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism has announced that small and medium-sized stores can play Christmas carols without worrying about copyrights. The Ministry of Culture, Sports and Tourism will inform the public on the matter together with the Korea Music Copyright Association, Korean Society of Composers, Authors and Publishers, [...]
Seoul, July 22 (Korea Bizwire) – Gary, one of the stars of hiphop duo ‘Leessang‘, has brought up problems with the Korea Music Copyright Association’s copyright revenue distribution practices. Gary expressed his anguish on his Facebook page. “I wish I could run away from this industry. I might die early because of the stress.” After [...]