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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 [...]

New High-Tech Door Locks Feature IoT, AI Technology

New High-Tech Door Locks Feature IoT, AI Technology

SEOUL, April 21 (Korea Bizwire) – Smart door locks, incorporating artificial intelligence or Internet of Things technologies, are gradually emerging as the next big trend for security systems in South Korea.  According to the Korea Intellectual Property Office, the number of IoT door lock patent applications surged to 27 in 2014 and 48 in 2015. [...]

South Korea Sees More Patents for High-Tech Smart Gloves

South Korea Sees More Patents for High-Tech Smart Gloves

DAEJEON, April 20 (Korea Bizwire) – Patent applications for high-tech smart gloves are on the rise.  According to the Korea Intellectual Property Office, the number of smart glove patent applications quadrupled over the past five years (2012 to 2016) to an average of 17.8 per year from what was 4.6 patents between 2007 and 2011.  [...]

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 [...]

Korean Patent Office to Penalize ‘Free Riders’

Korean Patent Office to Penalize ‘Free Riders’

SEOUL, Jan. 29 (Korea Bizwire) – When it comes to innovation and new business models, free rider problems are among the most discouraging practices in the tech industry. Start-ups and SMEs have complained incessantly that conglomerates snatch away and make illicit use of fresh new ideas originally conceived by bright-minded entrepreneurs, thereby severely damaging their [...]

More Patents for Protecting the Elderly

More Patents for Protecting the Elderly

DAEJEON, Jan. 24 (Korea Bizwire) – An increasing number of technology patents that might help guarantee health and safety improvements for single-person elderly households are being introduced.  According to the Korea Intellectual Property Office, the average annual number of such patents in the past five years (2012 – 2016) was 153, more than twice the [...]

Seoul Feared to Face Suits from U.S. Firms over ‘Patent Tax’

Seoul Feared to Face Suits from U.S. Firms over ‘Patent Tax’

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 [...]

Samsung Gets Patent on Design of Disc-Shaped Drone

Samsung Gets Patent on Design of Disc-Shaped Drone

SEOUL, Dec. 9 (Korea Bizwire) – Samsung Electronics Co. has been granted a patent on the design of a disc-shaped drone, hinting that the electronics giant may make inroads into the booming market for commercial drones, according to South Korea’s patent authority Friday.  The patent was filed in April this year and formally registered earlier [...]