SEOUL, March 21 (Korea Bizwire) — The Bank of Korea has called for aggressive corporate investment and bold regulatory easing to accelerate South Korea’s service exports, emphasizing the need to build an independent content export infrastructure that doesn’t rely on foreign platforms. In a report titled “Current Status and Future Direction of South Korea’s Service [...]
SEOUL/WASHINGTON, Jan. 17 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market. “KHNP and Korea Electric Power Corp. (KEPCO) have agreed with U.S. Westinghouse to settle [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s trade minister said Wednesday the government will expand efforts to protect the country’s intellectual property through trade agreements amid the growing popularity of Korean entertainment content overseas. Trade Minister Cheong In-kyo made the remark during a meeting with around 30 trade experts to discuss strategies to protect [...]
SEOUL, Jun. 7 (Korea Bizwire) – In an ongoing copyright battle over the “Legend of Mir” intellectual property jointly owned by game developers Actoz Soft and WeMade, South Korea’s Supreme Court has ruled that the case should be re-examined based on Chinese law, not domestic regulations. On June 6, it was reported that the Supreme Court’s [...]
BOSTON, April 18, 2024 (Korea Bizwire) – Anaqua, the leading provider of innovation and intellectual property (IP) management technology for corporations, law firms and governments, announces advancements in its Foreign Filing offering, enhancing the capabilities of its IP management platform, AQX®. Anaqua has shifted the paradigm of foreign filing for IP professionals from a burdensome set [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korea posted a trade surplus in intellectual property rights (IPRs) in 2023, partly due to trade surplus in copyrights, central bank data showed Wednesday. The country’s cross-border IPR trade surplus stood at US$180 million last year, compared with a shortfall of $1.11 billion a year earlier, according to [...]
DAEJEON, Feb. 14 (Korea Bizwire) – From August, infringements on intellectual property rights in Korea, including patent violations, trade secret breaches, and idea theft, will be subject to penalties of up to five times the amount of actual damages. The main feature of the revised law is the extension of the punitive damages limit from the [...]
SEOUL, Dec. 6 (Korea Bizwire) – Chinese e-commerce platform AliExpress said Wednesday it plans to invest 10 billion won (US$7.6 million) in South Korea over the next three years to better protect the intellectual property rights of South Korean brands on its platform. Ray Zhang, head of the Korean unit of AliExpress, made the remarks [...]
SEOUL, June 29 (Korea Bizwire) — The Korean Intellectual Property Office on Wednesday unveiled a series of measures to address the increasing damages faced by domestic companies due to technology theft and leaks. These measures aim to strengthen the roles of the patent office’s administrative investigation, dispute mediation, and collaboration with technology police, with the [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea posted a trade surplus of intellectual property rights (IPRs) in the first half of this year thanks to a rise in copyright payments amid popularity of Korean music and other cultural content, central bank data showed Friday. The country’s surplus from cross-border IPR trade came to US$370 [...]