South Korea Intellectual Property Archives

S. Korea Beefs Up its Intellectual Property Support

SEOUL, March 9 (Korea Bizwire) — The government has decided to create a Chief Patent Officer position at a newly formed public R&D agency with a budget in excess of 5 billion won a year. In addition, the government will bolster numbers in the intellectual property sector by putting 400,000 individuals through relevant education and [...]

Costco Ordered to Pay 200M Won for IP Infringement

SEOUL, Feb. 2 (Korea Bizwire) — Membership-only warehouse Costco has been fined 200 million won for selling goods with an appearance similar in design to copyrighted items. On February 1, a Seoul district court pronounced its verdict, stating that Costco had infringed on the design rights of holder and plaintiff Kwon, and ordered the company [...]