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New Law to Protect Property Value of Names and Portraits of Popular Figures

SEOUL, Dec. 1 (Korea Bizwire) — Starting in June of next year, popular figures will be able to demand reparations or remedy if financial damage is incurred by someone illegally using their name or pictures. The Korean Intellectual Property Office (KIPO) said Tuesday that new legislation including these rules had passed the state council. While [...]

S. Korean Firms Pick New Names in Anticipation of Future Growth

SEOUL, Sept. 8 (Korea Bizwire) — South Korean conglomerates are leaving the door open for business expansion as they proclaim new company mission statements. Hanwha General Chemical Co. announced a name change to Hanwha Impact, leaving out the word ‘chemical,’ which has been the company’s flagship business. Hanwha Impact will go beyond the chemical industry [...]