Revised Guidelines for Letter of Consent in South Korea
The Korean Trademark Act (“KTA”) has undergone revisions, bringing South Korea’s much-anticipated Letter of Consent System into effect. This legislative proposal was successfully passed through the South Korean National Assembly on October 6, 2023. The forthcoming amendments, expected to become effective around April 2024—six months following the announcement—bring about significant changes to the letter of consent system. Under the existing KTA legislation, a letter of consent is currently not recognized as a method to address the requirements set by the [...]