Royalties Archives | Be Korea-savvy

Music Service Fees Rise as New Copyright Royalty Regulations Kick In

SEOUL, Jan. 2 (Korea Bizwire) — South Korean mobile music services are raising subscription fees to cope with new regulations on copyright royalties that took effect on Tuesday. The new regulations stipulate that 65 percent, rather than 60 percent, of returns generated from music streaming must be remitted to the copyright holder. Discount rates have [...]

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 [...]