SEOUL, January 06 (AJP) - South Korea’s intellectual property office said on Tuesday it signed a memorandum of understanding with its Chinese counterpart to deepen cooperation on intellectual property, on the sidelines of a South Korea–China summit held at the Great Hall of the People in Beijing.
The agreement, signed between the Korean Intellectual Property Office (KIPO) and China’s National Intellectual Property Administration (CNIPA), updates and expands a similar pact reached in 2021.
Under the revised agreement, the two sides will broaden cooperation in areas including the protection of intellectual property rights, the prevention of counterfeit goods, the use of new technologies such as artificial intelligence and big data in patent examinations and analysis, and the promotion of intellectual property transactions, commercialization and finance.
Ahead of the signing, KIPO Commissioner Kim Yong-seon met with CNIPA head Shen Changyu for talks on IP policy trends, existing cooperation and priority areas for future collaboration, the KIPO said.
The two offices also agreed to jointly respond to bad-faith trademark applications, including cases in which applicants seek to preemptively register trademarks already in use in order to extract economic gains.
“This MOU and stronger cooperation to prevent malicious trademark preemption will help protect K-brands more effectively in China,” Kim said.
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