1. Korea Has an Attractive Market with a Respectable Size.
i. In 2013, Korea has a sizable market, and is currently the 13th largest economy in the world. Moreover, Korea is in the midst of broadening its scope of trades, as well as increasing the size of such trades through Free Trade Agreements (FTA) with the United States, Europe, China, Japan, and more.
ii. Current Status of FTA
Since entering into FTA with the United States in 2012, and with the European Union in 2011, the size of trades between Korea and the US and the EU is continuing to increase. Korea is in the process of entering into FTA with China and Japan as well.
2. Numerous International Companies Are Currently Applying for Patent Protections in Korea.
i. In 2012, the number of Korean patent applications reached approximately 190,000 – this makes Korea the 5th largest nation in the world, in terms of number of patent applications. Approximately 40,000 applications – 21% of the total 190,000 applications – are submitted by foreign companies, reaffirming Korea’s status as a convenient forum for patent protection.
ii. In addition, 11,000 applications – accounting for approximately 25% of the 40,000 patent applications by foreign companies – were filed by American companies.
3. The Korean Intellectual Property Office (KIPO) Is Highly Trusted Internationally, And Is Appointed To Be The PCT International Searching Authority in Approximately 1/3 Of The U.S. PCT Applications.
Year
|
2007
|
2008
|
2009
|
2010
|
2011
|
PCT application in USA
|
54,042
|
51,642
|
45,627
|
45,008
|
48,596
|
PCT international
Search by KIPO
|
2,735
|
11,371
|
13,356
|
13,319
|
15,168
|
Source: WIPO, PCT Yearly Review 2012 (May 2012), KIPO
Chief Foreign Enterprises as PCT International Search Requester in KIPO (2012)
- INTEL (semiconductor)
- MICROSOFT (software)
- HEWLETT-PACKARD (computer and electronic appliances)
- BAKER HUGHES (oil well development)
- Applied Materials (semiconductor production equipment)
- THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (medical supplies and chemistry)
- GOOGLE (internet search)
- 3M (electronic and information technology)
- CATERPILLAR (machines of construction)
- KIMBERLY-CLARK WORLDWIDE(health and hygiene item)
4. Using KIPO’s Accelerated Patent Examination Track Provides the Shortest Turnaround Time for Patent Issuance in the World.
ii. Quickly obtaining patent protections in Korea may have a positive influence in acquiring patent protections overseas for the invention.
iii. Please refer to the link below for specific requirements and protocols for requesting the KIPO accelerated track for examinations.
http://goo.gl/Acw3I7
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