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The 1st Intellectual Property (IP) financial forum was held and a business agreement is made(News Letter No. 408)

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KH

Post Date 

2019-05-16

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1. The 1st Intellectual Property (IP) financial forum was held and a business agreement is made


The Financial Services Commission and the Korean Intellectual Property Office (KIPO) held the ‘first IP financial forum’ and made the business agreement for IP financial activation.

The IP financing is the means for funding for small and medium companies and venture companies, which own excellent patent technology but lack security capacity, such as real property, and credibility, to grow as global innovative companies.

Although the Korean IP financing has continued to grow quantitatively, the small and medium companies and venture companies owning excellent patents still have difficulties in funding for commercialization.

In December, 2018 the Financial Services Commission and the KIPO published ‘comprehensive plans for IP financial activation’ to create a financial environment to solve the funding difficulties of small and medium companies and venture companies and to support their start-up and growth.

This year, the ‘IP financial forum’ has started to better promote the detailed tasks of the compressive plans, by cooperating with the finance sector.


2. KIPO-JRTI-WIPO cooperate to support the ability to solve a developing country’s IP disputes

KIPO, the Judicial Research and Training Institute (JRTI) and the World Intellectual Property Organization (WIPO) jointly opened and operated, in the International Intellectual Property Training Institute under KIPO and JRTI, a ‘training course to solve IP disputes’ of twenty-one (21) developing counties in seventeen (17) countries including China and Vietnam, among others.

This training course was prepared to pass on the experiences and know-how that KIPO and WIPO accumulated in the field of IP-related dispute solutions, such as IP judgment, trial, mediation and arbitration, to the judges who participated in this course and to provide an opportunity to share excellent cases, thereby strengthening the ability to solve the IP disputes of the developing countries.

This training course has an especially great significance in the point that it is the first cooperative case between KIPO and JRTI, which handled all of the procedures of solving an IP dispute, from judgment to trial. Through the training course, a Korean advanced IP dispute solution system is expected to be more effectively propagated to developing countries.


3. The KIPTAB published a guideline for a survey method of recognition of a trademark

The Korea Intellectual Property Trial and Appeal Board (KIPTAB) published the guideline for a survey method to acknowledge the competence of evidence with respect to the survey of consumer recognition of a trademark, which is submitted for judgment.

In making a decision whether a particular trademark is registrable, this survey of consumer recognition is performed to find out the extent of general consumer recognition on a trademark, to prove whether the particular trademark corresponds to a famous trademark or whether consumer acknowledges the particular trademark as having distinctiveness by its use for a long time even though the trademark is an ordinary mark.

In foreign countries including US and Europe, among others, the consumer recognition is used as important evidence in a trademark-related dispute. Further, as the number of cases where the result of survey is reflected in making a decision in the Korean Patent Court has increased, the necessity of the guideline for survey on consumer recognition has increased.

The major content of the guideline for a survey on consumer recognition is that: ▲the survey should be performed by a reliable survey method through an opinion-testing agency and▲ the features (areas, gender, age, etc.) representing the consumer of a particular product should be reflected.


4. The 5G commercial service has started for the first time in the world, with LTE

- Filing the patent applications relating to 5G-LTE interworking technology is active.

According to KIPO, the number of the patent applications for the 5G-LTE interworking technology was 24 in 2016 when the international standardization work started and rapidly increased to 165 in 2017.

This is the result from the situation that the interworking technology of using the 5G service by using LTE in the area where the 5G service was not provided was rapidly emerged in the early stage of the 5G standard discussion since a considerable time was expected to be required in building the 5G national network.

Accordingly, as the domestic and foreign communication service businessmen prefer to the 5G equipment that is able to be operatively connected to LTE, the equipment manufacturers have been naturally interested in the 5G-LTE interworking technology, to preoccupy the 5G global market which is expected as the maximum, US$ 1,158,800,000,000 (1 trillion 158.8 billion) in 2026.



 

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KIPTAB shares the information in the trial field with Europe, Japan and China(News Letter No. 409)

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The average life of a patent is 11.1 years, increasing by 1.4 years over the last ten (10) years(News Letter No. 407)