Patent Office, UAE Patent Examination Agency Scale 'Over $1 Million Annually'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korean Intellectual Property Office's (KIPO) export of patent examination services to the United Arab Emirates (UAE) has consistently maintained an annual scale of over 1 million dollars.

According to KIPO on the 24th, the patent examination agency service in the UAE started in June 2014. This is based on the "Memorandum of Understanding for Intellectual Property Cooperation for Patent Examination Agency" signed between KIPO and the UAE.

In particular, the scale of patent examination agency, which averaged 884,000 dollars annually from 2014 to 2018, recorded 1.85 million dollars in 2019, 1.5 million dollars in 2020, and 1.01 million dollars in the first half of 2021, achieving over 1 million dollars every year.

This is thanks to KIPO being recognized by the UAE for the excellence of its examination quality, which expanded the scope of examination from only new examinations between 2014 and 2018 to include new examinations, intermediate examinations, and final decisions starting in 2019.

KIPO plans for the examination agency service not only to generate foreign currency income but also to spread the Korean wave of patent administration locally in the UAE while supporting domestic companies in securing overseas intellectual property rights.

Kim Ji-su, Director of the Patent Examination Planning Bureau at KIPO, said, "The UAE patent examination agency project is meaningful not only because it generates foreign currency income but also because it can help domestic companies secure overseas intellectual property rights," adding, "KIPO will continue to strive to strengthen the overseas patent competitiveness of our companies."

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