Korea Minting and Security Printing Corporation Surpasses 900 Cumulative Intellectual Property Registrations... Impact of Business Area Expansion

Provided by Korea Minting and Security Printing Corporation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korea Minting and Security Printing Corporation (KOMSCO) has surpassed 900 cumulative registered intellectual property rights.

As of the 14th, KOMSCO announced that the total number of its registered intellectual property rights has reached 905.

The number of KOMSCO's registered intellectual property rights has shown an increasing trend every year, with 628 in 2016, 680 in 2017, 762 in 2018, and 835 in 2019. Last year alone, 70 new rights were registered.

KOMSCO attributes the steady increase in registered intellectual property rights to its focus on advancing anti-counterfeiting technologies necessary for manufacturing currency, resident registration cards, and passports through its in-house research institute, as well as securing related technologies required in the era of the Fourth Industrial Revolution.

In particular, KOMSCO explained that diversifying its business areas beyond traditional fields such as currency issuance?into areas like genuine authentication services using special materials, blockchain technology-based platform services such as mobile regional gift certificates, mobile identification card services including government employee IDs and driver’s licenses, and security module businesses used in fuel dispensers and smart meters?has also contributed to the increase in registered intellectual property rights.

In fact, the intellectual property rights held by KOMSCO are gradually expanding into fields related to the Fourth Industrial Revolution, such as the Internet of Things (IoT) and blockchain technology, within the anti-counterfeiting technology sector.

Lee Jong-seon, Head of the Technology Department, stated, “Based on 70 years of experience in currency manufacturing, KOMSCO has been evolving anti-counterfeiting technologies to create a ‘world without fakes.’ Going forward, we will strive to enhance trust in the national economic activities not only offline but also online.”

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