South Korea

South Korea issues more severe penal sentences for stealing or leaking technology secrets, South Korea issues more severe penal sentences for stealing technology secrets, South Korea issues more severe penal sentences for leaking technology secrets,

South Korea issues more severe penal sentences for stealing or leaking technology secrets

South Korea has enacted stricter legislation to combat the theft and leaking of technical knowledge, reflecting its commitment to protecting industrial technology and national security. Under the updated Prevention of Divulgence and Protection of Industrial Technology Act, the guidelines for punishing information leaks became effective on March 26, 2024, with even harsher penalties for smuggling technology-related information set to commence on July 1, 2024. Increased Sentences and Fines: Intellectual Property Leaks Overseas: The maximum prison sentence for disclosing South Korean intellectual [...]

Cambodian and South Korean leaders address key intellectual property issues, Cambodian and South Korean leaders on key intellectual property issues, key intellectual property issues in Cambodia and South Korea,

Cambodian and South Korean leaders address key intellectual property issues

On May 17, 2024, Cambodia’s Minister of Commerce and Chairperson of the National Committee for Intellectual Property, Cham Nimul, met with representatives from the Korean Intellectual Property Office (KIPO) to discuss ways to enhance cooperation in intellectual property (IP) training and exchange perspectives on significant IP issues. Minister Nimul highlighted the productive collaboration between KIPO and Cambodia’s Ministry of Commerce over the years, which has led to significant achievements. One notable outcome is the forthcoming signing of a Memorandum of [...]

iconic landmarks of BTS in South Korea are gradually destroyed due to request from HYBE, iconic landmarks of BTS in South Korea are gradually destroyed, iconic landmarks of BTS in South Korea ,

Iconic landmarks of BTS in South Korea are gradually destroyed due to request from HYBE

According to entertainment website Koreaboo, on January 5, 2024, Samcheok, a coastal city renowned for its BTS picture zone sculpture and signs, made the decision to dismantle a popular BTS-themed sculpture and other related installations located at Maengbang Beach. This action is believed to be a response to an escalating conflict over intellectual property rights initiated by HYBE, the entertainment company managing the globally acclaimed K-pop group BTS. HYBE recently issued formal requests for the removal of BTS-related structures from [...]

Korean Patent Law Amendments for 2024

Advancements in Legal Framework: Korean Patent Law Amendments for 2024

In the fast-paced world of innovation and intellectual property, it’s essential to stay informed of changes in patent laws. Korea, known for its robust intellectual property regime, is set to implement significant amendments to its Patent Law on January 1, 2024. These amendments, currently undergoing legislative review and public consultation, aim to refine the patent examination process and ensure fair treatment for both domestic and foreign applicants. Strengthening the Regulations for Expedited Examination Accelerated examination, a process allowing applicants to expedite [...]

The procedure of trademark renewal in South Korea, procedure of trademark renewal in South Korea, trademark renewal in South Korea, South Korea trademark renewal

The procedure of trademark renewal in South Korea

The duration of the protection of a trademark right in South Korea is 10 years from the date of registration of the trademark, which may be renewed every 10 years. For the renewal of trademark registration, an application for the renewal should be filed at KIPO. A renewal application should be filed within 1 year before the expiration date. The renewal can be requested within the year before the expiration date. In case of late renewal of registration, it should also [...]

Blackpink’s follow-up Babymonster in danger of lawsuit with Monster Energy, Blackpink’s follow-up Babymonster in danger of lawsuit , Babymonster lawsuit with Monster Energy,

Blackpink’s follow-up Babymonster in danger of lawsuit with Monster Energy

Blackpink’s subsidiary group, Babymonster, faces potential legal action from Monster Energy over alleged trademark infringement. The determination of whether two marks are confusingly similar hinges on consumer perception. This principle emerged prominently in the case of Monster Energy Company v. YG Entertainment. Monster Energy contested YG Entertainment’s trademark registration for the marks BABYMONSTER and BABYMONSTERS, citing confusing similarity and passing off. Monster Energy, a prominent player in the global energy drinks market, clashed with YG Entertainment, a South Korean entertainment agency [...]

New Trademark Procedures in Korea - Essential Considerations for Businesses

New Trademark Procedures in Korea – Essential Considerations for Businesses

In October 2023, South Korea enacted a new trademark law aimed at introducing greater flexibility to its stringent trademark registration process, which historically mandated complete uniqueness for later-filed marks compared to existing marks. The existing law in Korea dictated that a later-filed mark, resembling a senior mark already registered with the Korean Intellectual Property Office (KIPO), would face rejection. This necessitated the implementation of the “assign back” system. Under the “assign back” system, the rejected later-filed-similar mark, referred to as [...]

South Korea to work closely with the Middle East in IP matters, South Korea to work closely with the Middle East, KIPO work closely with the Middle East in IP matters,

South Korea to work closely with the Middle East in IP matters

The Korean Intellectual Property Office (KIPO) is actively working to strengthen collaboration in the intellectual property field with agencies in the Middle East. KIPO Commissioner Insil Lee held meetings with officials in Saudi Arabia and the United Arab Emirates during her official visit to the region. The discussions led to agreements to implement a training program for UAE patent examiners developed by KIPO. The collaboration also includes efforts to assist startups and small enterprises, integrate artificial intelligence (AI) into the [...]

Korea Copyright Commission opens copyright museum in South Korea to increase copyright awareness, Korea Copyright Commission opens copyright museum in South Korea, copyright museum in South Korea to increase copyright awareness,

Korea Copyright Commission opens copyright museum in South Korea to increase copyright awareness

The National Copyright Museum in Jinju, South Gyeongsang, was officially opened through a collaborative initiative between the Ministry of Culture, Sports and Tourism and the Korea Copyright Commission. This newly established government-operated museum aims to provide diverse hands-on experiences for young Koreans, enabling them to easily comprehend matters related to copyright. During the inauguration ceremony, Minister of Culture, Sports and Tourism Yu In-chon highlighted the essential nature of safeguarding the rights of creators as a fundamental requirement for advancing culture, [...]

Intellectual property surplus reaches a new record high in South Korea

Intellectual property surplus reaches a new record high in South Korea

In the first half of this year, South Korea’s intellectual property surplus increased to a new high due to a smaller industrial property rights deficit. South Korea sets a new record for its intellectual property surplus According to the Bank of Korea, trade in intellectual property rights achieved a record surplus of 370 million US dollars from January to June, surpassing the previous high of 350 million dollars in the second half of 2019. It decreased from a deficit of 1.21 billion [...]

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