SEOUL, Nov. 16 (Korea Bizwire) – Controversy has escalated following a recent court ruling that deemed the act of crafting wallets by repurposing luxury bags, a practice commonly known as ‘reform’ in Korean, as a violation of trademark rights. In response to the court’s decision demanding compensation of 15 million won from the owner of a [...]
SEOUL, Nov. 13 (Korea Bizwire) – A South Korean court has ruled that the repurposing of luxury items, a process commonly referred to as “reform” in South Korea, constitutes trademark infringement. According to legal sources on Sunday, the 63rd Civil Chamber of the Seoul Central District Court, in a trademark infringement prohibition case brought by Louis [...]
SEOUL, Sept. 16 (Korea Bizwire) — The Korean Intellectual Property Office’s Special Police Unit for Trademarks (known as The SJP) has announced that it will take action against fake goods at Blackpink’s final world tour concert at the Gocheok Sky Dome in Seoul’s Guro-gu on the weekend of September 16-17. This special unit was established [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s patent authority said Monday that there have been numerous cases of Korean trademarks being preempted without permission in China and Southeast Asia, with the intention of capitalizing on the positive reputation of Korean businesses. The Korean Intellectual Property Office (KIPO) analyzed 15,692 trademark filings in China and [...]
BEIJING and LONDON and PARIS and SAN FRANCISCO, Jan. 10 (Korea Bizwire) — After overwhelming demand, creative offers and global inquires from it’s recent September 2021 billion dollar auction, A4BET® is announcing a time sensitive bidding process to acquire this rare, unique, valuable name. A4BET® covers everything from A-Z! The sale of A4BET® includes: 1.) [...]
SEOUL, Aug. 19 (Korea Bizwire) — The South Korean Supreme Court has ruled that a trademark registered by local car accessory manufacturer Bullsone Co. infringes on the trademark of Austrian energy drink manufacturer Red Bull GmbH. The Supreme Court overturned an earlier decision from the Patents Court ruling against Red Bull, which claimed that Bullsone [...]
SEOUL, Oct. 7 (Korea Bizwire) — Trademark usage fees received by holding companies of South Korea’s largest conglomerates exceeded 1 trillion won (US$884.5 million) for the first time ever in 2017, a report submitted to parliament by the country’s anti-trust watchdog showed Sunday. The findings submitted to Rep. Lee Tae-kyu’s office by the Fair Trade [...]
SEATTLE, May 20 (Korea Bizwire) — The International Trademark Association (INTA) today announced that it will hold its 142nd Annual Meeting—the world’s largest trademark event—in Singapore from April 25 to 29, 2020, at the Marina Bay Sands. This marks the second time INTA is bringing its Annual Meeting to Asia, and the first time that [...]
DAEJEON, Sept. 12 (Korea Bizwire) – The Korean Intellectual Property Office’s “Chinese Trademark Brokerages Early Warning Service” is providing a big boost to South Korean companies who have struggled from trademark theft. Since its inception last year, the Korean Intellectual Property Office (KIPO) has requested the State Intellectual Property Office (SIPO) of China to run [...]
DAEJEON, Aug. 23 (Korea Bizwire) – Watching a grown man or woman playing with toys still isn’t a common sight, but if recent trends continue, it might soon well be. The so-called ‘kidult’ (kid + adult) market is rapidly expanding in Korea. With a current value of 700 billion won ($610 million), the market is [...]