intellectual property Archives | Be Korea-savvy
S. Korea Teams Up with Saudi Arabia to Establish Intellectual Property Management System

S. Korea Teams Up with Saudi Arabia to Establish Intellectual Property Management System

DAEJEON, Apr. 2 (Korea Bizwire) — South Korea will participate in a project to establish an ecosystem for intellectual property led by the Saudi Arabian government aiming to achieve its national goal of ‘Vision 2030’. Park Won-joo, Korean Intellectual Property Office (KIPO) Commissioner, and Mohammed Al-Swailem, the CEO of Saudi Authority for Intellectual Property, met [...]

Companies Allowed to Tap Intangible Assets as Collateral

Companies Allowed to Tap Intangible Assets as Collateral

SEOUL, May 23 (Korea Bizwire) – Financial authorities on Wednesday unveiled a set of measures to allow companies to secure loans using their movable assets, including intellectual property and half-finished goods, as collateral. The measures are aimed at helping small and medium-sized enterprises (SMEs) and startups raise funds, the Financial Services Commission (FSC) said in [...]

Air Pollution Spurs Sales of Clothes Dryers

Air Pollution Spurs Sales of Clothes Dryers

SEOUL, May 8 (Korea Bizwire) — As South Koreans have become more reluctant to dry their laundry outdoors in the sun due to fears of toxic fine dust, demand for clothes dryers has increased, along with patent applications for the previously unpopular appliances. According to the Korean Intellectual Property Office (KIPO), patent applications for dryers [...]

Startups Urged to Commercialize Intellectual Property in China

Startups Urged to Commercialize Intellectual Property in China

SEOUL, Apr. 25 (Korea Bizwire) — South Korean companies operating in China are being encouraged to make use of the Chinese government’s support for the creation of intellectual property. Speaking to South Korean business owners and students during a forum in Shanghai on Sunday, Seo Dong-wook, the director of the Shanghai branch of the Korean Cultural [...]

Government to Create 12,000 Jobs in Intellectual Property Industry

Government to Create 12,000 Jobs in Intellectual Property Industry

DAEJEON, Feb. 1 (Korea Bizwire) — The government has announced plans to invest billions of won to create up to 12,000 new jobs in the intellectual property industry. According to the Korean Intellectual Property Office (KIPO) on Thursday, startups will receive support in the form of ‘patent vouchers’ as part of efforts to boost the intellectual [...]

TOMI Environmental Solutions and Astro Pak Settle Lawsuit Concerning TOMI’s Patents and IP Rights

TOMI Environmental Solutions and Astro Pak Settle Lawsuit Concerning TOMI’s Patents and IP Rights

BEVERLY HILLS, Calif. and COSTA MESA, Calif., Jul. 31 (Korea Bizwire) — TOMI Environmental Solutions, Inc. (“TOMI”) (OTCQX:TOMZ) and Astro Pak Corporation (“Astro Pak”) announced today they have settled their litigation relating to TOMI’s patents and intellectual property rights. The parties have agreed that TOMI is the sole owner of ionized hydrogen peroxide decontamination and [...]

Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

SEOUL, May 22 (Korea Bizwire) — Pantech Co. South Korea’s smallest smartphone manufacturer that recently announced it will suspend production of mobile devices, turned over 230 U.S. patents to another company, official data showed Sunday. Information provided by the United States Patent and Trademark Office (USPTO) showed that Patech, owned by Solid Inc. a local [...]

S. Korean Firms Urged to Enhance Protection of Intellectual Rights in China: Report

S. Korean Firms Urged to Enhance Protection of Intellectual Rights in China: Report

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 [...]