Tips for Start-up Success in Korea: Korean Business Basics

Despite the economic challenges presented by the COVID pandemic, there are still plenty of opportunities for start-up companies in South Korea. Many of the long-term foreign attorneys in Korea shall advise that South Korea remains a perfect testbed for foreign companies in the East Asian marketplace. Local and national governments remain committed to fostering long-term partnerships with foreign start-ups within Korea. The attorneys at IPG Legal have put together a

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Filing for a Patent in Korea: Basics of Korean Patent Law

Over the next couple of months, lawyers here at IPG Legal shall provide detailed insight and analysis of the Patent Laws of Korea. The following post details the basics of filing for a patent in South Korea. Individuals or companies can register for patents through the Korean Intellectual Property Office (KIPO). The application and registration of patents is governed by the Korean Patent Act (“the Act”). In most cases, patents

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Korean Patent Law’s Trade Secret Protection: Amendment to Trade Secret Law in Korea

The amended Patent Act of Korea (“Korean Patent Act”) and the amended Unfair Competition Prevention and Trade Secret Protection Act (“Korean Trade Secret Protection Act”) of Korea shall enter into force on July 9, 2019. The most important key developments are great criminal penalties for trade secret misappropriations; damage awards up to three times of the actual damage regarding infringements of patent rights or trade secret rights; eased litigation requirements

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English-speaking Korean lawyers and International Lawyers at International Law Firm in Korea discussing issues of Korean Law

IPG Legal is a leading client-focused international law firm with offices in Korea that is, often, selected over the ubiquitous Korean Law Firms when success is essential and success depends on nuanced street-smart advice, proactive  and unconflicted representation. Our attorneys are, intentionally. different from the crowd.  From our retired judge partners to our junior associates, we are all trained with an intense focus on client success, lawyer proactivity, and to understand

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Korean Patent Court’s Intellectual Property Infringement Guidelines

Early in 2016, the Patent Court of Korea published Guidelines Regarding the Appeals of IP Infringement Actions (“IP Appeal Guidelines”) based on the reality that the Patent Court of Korea has assumed control over appeals of Korean IP infringement lawsuits. Overall, Korean legal practitioners welcomed the focus of the Korean Patent Court on increasing professionalism while developing an efficient procedure in disposing of cases. Significant developments, at the Patent Court,

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English-language Patent Filing System in Korea Approved by Supreme Court

The Korean Supreme Court has, recently, issued a statement calling for the establishment of an English-language “international justice department” within the Patent Court.  The purpose is to encourage more patent cases to be filed in Korea. The Court released a statement that note the move is designed to better support foreign investment and legal accessibility to the court by foreigners.  Under the new proposed system, which may be implemented as

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