Kibo Partners with Korea Intellectual Property Protection Agency to Address SME Patent Disputes

Business Agreement to Strengthen Corporate Intellectual Property Protection and Dispute Response Capabilities

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 16th that it has signed a business agreement with the Korea Intellectual Property Protection Agency (Director Kim Yong-seon, hereinafter referred to as the Protection Agency) to "strengthen the intellectual property protection and dispute response capabilities of small and medium-sized enterprises (SMEs) and mid-sized companies."

According to this agreement, both organizations will collaborate in ways suited to their institutional characteristics to enhance companies' patent dispute response capabilities, including ▲support for response strategies and dispute-related financial costs ▲providing and promoting preferential benefits for the Intellectual Property Mutual Aid Project ▲mutual cooperation related to technology protection project support.

Kim Jong-ho, Chairman of the Korea Technology Finance Corporation (right), and Kim Yong-sun, President of the Korea Intellectual Property Protection Agency, are posing for a commemorative photo after signing the agreement.

Kibo's Intellectual Property Mutual Aid is a system introduced in August 2019 by Kibo in collaboration with the Korean Intellectual Property Office, the first of its kind in Korea, designed to alleviate the intellectual property cost burden and dispute risks for SMEs and mid-sized companies and support their overseas expansion. Member companies can receive various benefits such as ▲a high premium interest rate (3.25%) ▲an additional 0.2 percentage point reduction in guarantee fees ▲intellectual property cost loans up to five times the amount paid ▲emergency loans up to 90% of the amount paid ▲and free advisory services.

Kim Jong-ho, Chairman of Kibo, stated, "With this agreement, both organizations plan to actively promote customized support for the protection of intellectual property rights and dispute response for SMEs and mid-sized companies," adding, "Comprehensive support related to patent disputes will be possible, which is expected to contribute to strengthening companies' technological competitiveness."

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