Korea Exchange Signs MOU for Mutual Cooperation with Korean Patent Attorneys Association

On the 27th at 11 a.m., the Korea Exchange signed a business agreement on mutual cooperation with the Korean Patent Attorneys Association at its Seoul headquarters to contribute to the sound development of the KOSDAQ market and investor protection by strengthening verification of IP (intellectual property rights) of companies applying for listing. From the fourth person on the left, Hong Sun-wook, Head of the KOSDAQ Market Division at the Korea Exchange, and Hong Jang-won, President of the Korean Patent Attorneys Association.

[Asia Economy Reporter Minji Lee] The Korea Exchange announced on the 27th that it has signed a Memorandum of Understanding (MOU) on mutual cooperation with the Korean Patent Attorneys Association.

The two organizations agreed to contribute to the sound development of the KOSDAQ market and investor protection by strengthening the verification of IP (intellectual property rights) of companies applying for listing.

The main contents of this MOU include enhancing the expertise of screening through verification and valuation of the IP of listing applicants, providing consultation on patent disputes, sharing new technology trends through analysis of recent IP trends, and exchanging information to strengthen other cooperation.

Hong Jang-won, President of the Korean Patent Attorneys Association, said, "This MOU is significant in that KOSDAQ listing applicants can have their IP capabilities properly evaluated, and investors can receive accurate IP information about companies."

Hong Soon-wook, Head of the KOSDAQ Market Division at the Korea Exchange, stated, "As the importance of IP has recently increased, the enhanced screening expertise is expected to greatly contribute to the development of the KOSDAQ market."

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