SEOUL, Sept. 16 (Korea Bizwire) — The Korean Intellectual Property Office’s Special Police Unit for Trademarks (known as The SJP) has announced that it will take action against fake goods at Blackpink’s final world tour concert at the Gocheok Sky Dome in Seoul’s Guro-gu on the weekend of September 16-17. This special unit was established [...]
INCHEON, Sept. 23 (Korea Bizwire) — Nearly 90 percent of the counterfeit goods that were caught by customs authorities in the last five years were from China, with Louis Vuitton found to be the biggest victim among reputable brands, data showed Monday. The value of imported fake goods that were uncovered between 2015 and August [...]
SEOUL, Dec.2 (Korea Bizwire) – A study said the volume of the underground economy related to counterfeit goods is estimated at 26 trillion won (US$23.5 billion), with potential tax loss reaching as high as 500 billion won. Joo Won, senior research fellow with Hyundai Economic Research Institute, said on December 1 in a report titled “Estimating the [...]