KIPO Promotes Private-Led Intellectual Property Trading Market Activation and Policy Support

Recruitment of Private Cooperation Trading Institutions for Intellectual Property
Handling Transactions and Brokerage in the Intellectual Property Field
Email Applications Accepted from January 29 to February 8

The Korean Intellectual Property Office (KIPO) announced on the 28th that it will recruit six private-sector cooperative trading institutions for intellectual property (IP) from the 29th of this month to the 8th of next month.

The recruitment targets are individual or corporate businesses capable of performing intellectual property trading tasks. Trading institutions wishing to participate can apply via the official email of the Intellectual Property Exchange during the recruitment period.

The business announcement was posted on the notice board of the Intellectual Property Exchange under the Korea Invention Promotion Association.

Provided by the Korean Intellectual Property Office

Private cooperative trading institutions will jointly act as intermediaries with the Intellectual Property Exchange under the Korea Invention Promotion Association to revitalize the intellectual property trading market.

Once designated as a private cooperative trading institution, they will be able to undertake the entire process related to IP trading and brokerage in the intellectual property field as a specialized institution for three years.

Since 2020, KIPO has designated intellectual property and technology trading institutions that meet certain criteria each year as ‘private cooperative trading institutions’ and supported programs to foster private trading specialized institutions. So far, a total of 24 institutions have participated in the program.

Private cooperative trading institutions will also receive brokerage commission income generated from joint brokerage according to their contribution.

Additionally, they can use the ‘Intellectual Property Exchange’ brand, which is recognized for credibility in the intellectual property trading field, and receive support for client consultations and promotion of trading institutions through the online national intellectual property trading platform (IP-Market).

Mok Seong-ho, Director of the Industrial Property Policy Bureau at KIPO, said, “Intellectual property can increase its intrinsic value when it is actually traded and commercialized in the market,” adding, “KIPO will continue to provide policy support so that a private-led intellectual property trading market can be established.”

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