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Philips Wins IP Infringement Disputes with Power Toothbrush and Brush Head Manufacturers and Sellers

Amsterdam, the Netherlands, Nob. 25 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful outcome of several intellectual property (IP) infringement disputes with power toothbrush and brush head manufacturers and sellers following targeted legal actions in Europe. Financial details will not be disclosed. In the interest of consumers [...]

SweeGen Defends and Protects its Reb M Intellectual Property Against Distorted Claims

Rancho Santa Margarita, Calif., Oct. 29 (Korea Bizwire) – Stevia-based sweetener company SweeGen is strong in its unassailable position to defend and protect its production of Reb M by its highly titer-effective and cost-effective patent-protected process — Reb M produced via Reb D4. This statement is in response to the distorted claims about intellectual property made by PureCircle [...]

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

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

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

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 [...]

California State Court Rules in Favor of CP Kelco in Trade Secrets Theft Case

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 [...]

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 [...]

South Korea’s Trade Deficits in Intellectual Property Shrinks to Record Low

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. [...]

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 [...]