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| IP Newsletter | Spring 2014 |
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PATENT |
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KIPO/KTC 2013 Survey on Intellectual Property-Related Activities in Korea Now Available |
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The Korean Intellectual Property Office ("KIPO") and the Korea Trade Commission ("KTC") jointly published the 2013 Survey on Intellectual Property-Related Activities in Korea last December. The 2013 survey is available in Korean and can be downloaded from their websites.1 |
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This annual survey aims to provide IP-related statistical data and information to help Korean companies, universities and public institutions make decisions and establish strategies related to IP. Some noteworthy statistics related to patent infringement disputes include: |
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5.6% of Korean companies suffered IP infringement in 2012. When broken down by the type of IP infringed, 2.9% of Korean companies suffered patent infringement; 0.4%, utility model infringement; 1.5%, trademark infringement; and 1.4%, design infringement. |
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In cases where Korean companies pursued legal measures to protect their IP, 33% of the cases were resolved within a year; 33.7% of the cases were resolved within 1-2 years. |
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The total estimated amount of damage awards and settlement payments in 2012 was roughly 56.7 billion Korean won (approximately USD 51.5 million). This means victims of IP infringement recovered, on average, 160 million Korean won (approximately USD 145,000) per company. |
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1 http://www.ktc.go.kr/file/db/pdf/PR/PR334_20131209.pdf. |
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For more information, please visit our website: www.ip.kimchang.com |
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