In the first half of the year, South Korea reported a surplus in intellectual property rights commerce
According to central bank data, South Korea had a surplus in the trade of intellectual property rights in the first half of this year, as copyright exports rose.
A surplus in intellectual property rights commerce
According to preliminary statistics from the Bank of Korea, the nation’s intellectual property account surplus was US$850 million in the first half, compared to a deficit of $1.11 billion in the second half of previous year.
It was the first six-month surplus since the nation reported a $350 million surplus in the trading of intellectual property rights in the second half of 2019.
Its exports of products and services subject to intellectual property rights payments totaled $8.75 billion in the first half, up from $8.02 billion the previous six months. Imports dropped from $9.13 billion to $7.9 billion.
South Korea has a $1.47 billion trade deficit with the United States in terms of intellectual property rights.
In the first half of the year, South Korea had a trade deficit with Japan. The gap was $310 million, up from a $120 million loss six months prior.
With China and Vietnam, South Korea has a trade surplus in intellectual property rights. It has a $1.14 billion trade surplus with China. South Korea also has a $970 million surplus with Vietnam.
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– You could visit here to see the Procedure of Trademark in South Korea.
– You can also check the Required documents of filing trademark in South Korea.
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