Changwon Chamber of Commerce Selects 21 New Gyeongnam Global IP Star Companies

Fostering IP Small Giants through Comprehensive Intellectual Property Support over 3 Years

The Changwon Chamber of Commerce and Industry Gyeongnam Intellectual Property Center held the "41st Gyeongnam Small and Medium Enterprise Intellectual Property (IP) Management Club" on the 23rd at the Changwon Hotel. (Photo by Changwon Chamber of Commerce)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] The Gyeongnam Intellectual Property Center of the Changwon Chamber of Commerce and Industry announced on the 24th that it awarded designation certificates to companies selected as 2020 Global IP Star Companies at the '41st Gyeongnam Small and Medium Enterprise Intellectual Property (IP) Management Club.'

The event was held on the 23rd at Changwon Hotel, and the 21 companies selected this year as Gyeongnam Global IP Star Companies include those in the electrical and electronic fields such as Korea Electronics Technology Co., Ltd., as well as the chemical and bio sectors. These companies will receive comprehensive intellectual property (IP) support for three years.

The comprehensive support includes preliminary consulting, patent map creation reflecting company needs, production of patent technology promotional videos, design maps, development of product, packaging, and visual designs, development of non-English brand names, new and renewed brand development, and IP convergence development. Starting this year, support also covers overseas application office action (OA) fees and registration costs.

Additionally, Global IP Star Companies can select multiple necessary support areas from these programs and receive support up to 70 million KRW per company over three years within the center’s annual budget limits.

The Global IP Star Company Development Project is a program jointly conducted by the Korean Intellectual Property Office, Korea Invention Promotion Association, Gyeongnam Province, and the Gyeongnam Intellectual Property Center to nurture export companies into global IP strong small and medium enterprises through comprehensive intellectual property rights support over three years.

A representative of the Gyeongnam Intellectual Property Center stated, “Customized support is necessary to enhance the competitiveness of Global IP Star Companies with excellent technological capabilities,” adding, “We will support the advancement of technology to secure strong intellectual property rights that continue from application to registration, enabling competitiveness in overseas markets.”

This content was produced with the assistance of AI translation services.