Korean Intellectual Property Office Publishes Guide to Protect Overseas Patents for Universities and Public Research Institutes
Guide Includes Methods for Selecting High-Value Patents Checking for Infringement and Exercising Rights
The Korean Intellectual Property Office (KIPO Commissioner Kim Wan-ki) announced on July 31 that it will publish the “Guide to Monitoring and Responding to Infringement of Overseas Patents Owned by Universities and Public Research Institutes.” This guide aims to aid universities and public research institutes in protecting their overseas patents and exercising their rights.
As a result of substantial annual investments in research and development (R&D) (29.8 trillion won in 2022) into universities and public research institutes approximately 29000 domestic patent applications and 2500 international patent applications (PCT) were filed in 2022. However due to a lack of patent expertise know-how and experience universities and public research institutes face challenges in detecting infringements and engaging in licensing making it difficult to protect and monetize their overseas patents effectively.*
Revenue from IP Sales and Transfers: Overseas 21.5 billion won Domestic 217.2 billion won (2022 Intellectual Property Activity Survey)
This guide enables universities and public research institutes to directly inspect foreign companies and products that might infringe on their patents and provides methods to monetize their patents through licensing and other rights exercises.
Specifically the guide includes detailed explanations and actual cases and techniques (know-how) on:
Methods for selecting high-value patents that can be used in licensing and litigation
Methods for collecting evidence of overseas patent infringement and analyzing patent infringement
Methods for analyzing patent validity
Strategies for exercising overseas patent rights
Jung In-sik Director General of the Industrial Property Protection Cooperation Bureau at KIPO stated “We hope this guide will help universities and public research institutes prevent overseas patent infringements and actively pursue monetization. KIPO will continue to support the protection and exercising of overseas patent rights for universities and public research institutes.”
The guide is available for download on the Intellectual Property Dispute Response Center (www.koipa.re.kr/ipdrc) and IP-NAVI (www.ip-navi.or.kr) websites and will be distributed for free at educational programs and seminars hosted by the Korea Intellectual Property Protection Agency.
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