June 26, 2022

The Korean Intellectual Property Office (KIPO) has announced to play a principal role in setting up of international rules on creations and inventions by artificial intelligence latest by next year.

KIPO mentioned that it will also discuss ways to improve protection of trademarks and designs in the virtual world among the IP5, a forum of the five largest intellectual property offices, namely – Japan, China, the US, and Europe.

KIPO’s roadmap –

• It plans to analyse how IP-related articles in major trade agreements can affect South Korea’s trade to tackle the changing IP trade environment.
• KIPO will be supporting regional industries by providing them with patent analysis, regional brand and design development strategies, IP consulting service and IP expenses.
• The patent office will add Chungnam National University next year in order to foster IP experts specializing in regional industries to the list of universities that receive state support for relevant degree programs.
• The state currently supports Gyeongsang National University, Chonnam National University and Chungbuk National University for the same.
• To help the government set up research and development plans, it will analyse patent big data on emerging industries such as augmented reality to dig up technologies with good prospects.
• It plans to increase financial support for IP-based research and development in future cars and bio-health, non-memory semiconductors to 40 billion won ($33.7 million) next year, up from 38.5 billion won this year.
• In 2022, state funds that invest in outstanding IP will also be expanded and financial support for IP value assessment will be increased, which is required when small and medium sized companies pursue investment or loans from financial institutions.
• KIPO will analyze dispute information and provide SMEs with patent information on technologies with a high risk of disputes in order to help SMEs tackle IP disputes.
• KIPO will expand the scope of investigation to include all crimes related to technological leaks, inclusive of its previous trade secrets, patents and designs investigations.
• It will also boost crackdowns on counterfeits that are sold via social media, and take steps to impose fines and issue correction orders against unfair competition, in addition to making recommendations.