“Anything under the sun made by man in Patentable” This is an insightful expression of the US Supreme Court’s patent in the 1980s. There was a background story for this statement.
General Electronic (GE) applied a patent for “oil-eating bacteria” to solve the oil spill incidents.
A Patent application was filed by GE but it was rejected. It was a general understanding that
living things were not patentable subject matter. GE appealed and finally got a patent.
This bacterium was made by transformed genes. US Supreme Court decided that
a patent should be granted under the statement of “living things can be a subject to be patent.
Subsequently, research and invest of bio-industry were increased enormously high.
There are another interesting case at UK. World’s subway map were created and
referred to London underground tube map by Harry beck. On 1933,
Harry Beck thought there was a problem with subway map and he drew up the 45 degrees
both horizontal and vertical diagram subway map and got patent for it.
Now whole world is using his style map.
For case of Korea, on year 1990, right after IMF crisis, ‘F-Killer’ of Samsung Pharm was sold to
Johnson & Johnson, Korea amount of 38.7 billion KRW. At that time, the factory value of
‘F-Killer’ was 9 billion KRW and the brand value was 29.7 billion KRW. Which means
brand value was 3 times bigger than factory value.
Intellectual Property is to put creation into the bowl of law. The desire to create is enriched by
reasonable rewards. In a society where intellectual property is not guaranteed, creativity and
development cannot be expected. Creativity and development can be active when intellectual
property is guaranteed. However, guarantee of intellectual property is relatively weak in Korea.
Korea is well known for active intellectual property application based on patent application standards.
But also has a stigma of infringement on intellectual property in the standard of patent infringement.
Even one company has rough time to get patent, it is very comment for competitors to steal that
patents easily. Also this intellectual property compensation is pretty low. On year 2015,
World Economic Forum (WEF) announced Korea’s intellectual property protection is ranked
68th out of 144 countries. Especially SMEs are weaker than others. Korea Federation of SMEs
reported 51% of SMEs have higher chances to get into patent dispute and 41% are seems to be
defenseless on patent dispute.
Intellectual property disputes are getting serious in worldwide. Samsung and Apple are one of the
good example. Google and Oracle, they had intellectual property dispute over Java-programing case.
In the United States, they are taking serious action by trade retaliation against China’s intellectual
property infringement at the national level.
Now it is important to create fair intellectual property ecosystem between countries and companies.
Intellectual property’s ‘opportunity to create’ should be equal and ‘application processes’ should be
fair and lastly the ‘protection result’ should be defined.
Therefore, Financial News and Korea intellectual property office are hosting ‘the 8th International
Intellectual Property & Industrial Security Conference’ at the Grand Ballroom of
Seoul Westin Chosun Hotel on June 7th, 2018. In this conference, there will be discussion under
the main theme of ‘Requirements of innovation growth & fair intellectual property ecosystem’ with
industrial experts from domestic and overseas.
TITLE : The 8th International Intellectual Property and Industrial Security Conference
THEME : Requirements for Innovative Growth, Fair ecosystem of Intellectual Property
DATE : Thursday, June 7th, 2018
VENUE : Grandballroom, Westin Chosun Hotel, Seoul(1F)
HOST : Korean Intellectual Property Office, The Financial News
SUPERVISOR : Korea Intellectual Property Protection Agency
SPONSOR : Presidential Council on Intellectual Property, Korea Patent Attorneys Association,
General Federation of Korea Intellectual Property,
Korean Association for Industrial Technology Security,
Korea Invention Promotion Association, The Korean Association for Industrial Security,
Parliamentary Advisory Committee for IP Hub Korea
World Intellectual Property Association of Korean Practitioners
CONTACT : Tel.02-6965-0014, 0013 / Mail. firstname.lastname@example.org