KITA-KIPO Signed MOU for Protection
of Intellectual Property of Exporters
Agreed to cooperate in six areas such as supporting export companies to grow on
intellectual property and helping exporters to take out patent insurance, etc.
The Korea International
Trade Association (Chairman, Kim Young-joo) signed a Memorandum of
Understanding (MOU) for ‘Protection and Competitiveness Reinforcement of Export
Companies’ Intellectual Properties' with the Korean Intellectual Property
Office at Trade Tower on Samseong-dong on July 11th.
The signing ceremony was
attended by some 20 officials, including Chairman Kim Young-joo of the Korea
International Trade Association, Director Park Won-joo of the Korea
Intellectual Property Office and the President Lee Hae-pyung of the Korea
Intellectual Property Protection Agency.
The two organizations agreed
to cooperate in six areas, including ▲supporting the
intellectual property-based growth of export companies, ▲supporting the protection of intellectual property of exporters
through the cooperation of domestic and overseas branches, ▲collecting and providing information on overseas intellectual
property disputes and infringement, ▲placing
specialists for intellectual property consultation, ▲providing
intellectual property education for companies and ▲supporting
exporters’ membership of the Korea Technology Finance Corporation.
Kim Young-joo, chairman of
the Korea International Trade Association, said, "Amid Trade protectionism
and sluggish global economy, the protection of intellectual property rights
such as patent rights will become a breakthrough in exports of companies.” He stressed, "We will strive to protect the intellectual
property of export companies and enhance patent competitiveness by utilizing
the strengths of the association's 70,000 member companies and overseas networks."
Director Park Won-joo of the
Korea Intellectual Property Office said, “With the Korea's
competitiveness as the world's fourth largest country of patent application, we
will help Korean companies to preoccupy overseas markets through IP protection.”
He also added, “The cooperation with
the Korea International Trade Associations will be the fundamental for the
export companies to become small but strong global enterprises based on their
The Korea International
Trade Association and the Korean Intellectual Property Office held the
'Intellectual Property (IP) Trade Forum' following the signing of the business
agreement. The forum discussed ways to establish joint strategies on major
issues such as ▲the impact of foreign patents on
exports, ▲preemptive and preventive protection of
overseas intellectual property rights, and ▲ creation
of favorable global IP rights environment for Korean companies.