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 [...]
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 [...]
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 [...]
ATLANTA, Feb. 8 (Korea Bizwire) — CP Kelco, a leading global producer of specialty hydrocolloid solutions, announced today that a California state court issued a judgment in its favor in a legal case filed against one of its ex-senior scientists, Dr. Chienkuo “Ronnie” Yuan, Director of Innovation at DSM (China) Ltd. Dr. Yuan was an [...]
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 [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s trade balance of intellectual property has improved during the first half of this year, with the deficit dropping to a record low of $600 million, while major companies posted a surplus for the first time thanks to royalties in the IT industry, the Bank of Korea said. [...]
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 [...]
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 [...]
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, Dec. 26 (Korea Bizwire) – South Korea may face a series of lawsuits from U.S. companies over local taxation of their patent income after a Seoul court recently ruled in favor of an American patent management firm in a drawn-out case, watchers said Monday. In a landmark ruling on Dec. 9, the Seoul Administrative [...]