Korean Intellectual Property Office holds "Korea-'ASEAN IP T&T Fair" Various events including technical contracts between Korean-Vietnamese companies
[ Jane Lee 2019-11-27 ]  
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Korean Intellectual Property Office held the Korea-ASEAN IP T&T (Transaction and Transfer) Fair at COEX, Seoul, November 27 at 10 AM Wednesday, attended by representatives and businessmen from ASEAN invention-related government and private organizations.

The event will be held to expand the exchange of intellectual property and technology in the "Korea-ASEAN KIPO Commissioner Meeting" held in Seoul on November 25 (Mon).

In this fair, a contract for technology transfer between a Korea SME and a large Vietnamese company will be concluded. The technology from Korea's CL-Geotech (SME with soft ground construction pile technology) and the capital from Vietnam's Minh Duc Construction (Vietnam's second-largest construction pile manufacturing company) were combined to establish a joint venture (technology transfer (worth $195,000) to represents a new direction for technology transfer between Korea and ASEAN.

In addition to corporate trade agreements, a memorandum of understanding (MOU) for cooperation between the Korea Invention Promotion Association and invention promotion organizations in five ASEAN member countries (Indonesia, the Philippines, Singapore, Thailand, and Vietnam) was concluded. Also, the cooperation organization of intellectual property and mutual human resource exchange and information exchange was made. △ Presentation on expert talks on IP trading and utilization and success stories △ useful experiences useful for entrepreneurs and intellectual property workers in Korea and ASEAN countries who participated in the consultation of experts on IP product exhibition and technical transaction and commercialization are provided.

Park Won-ju, the chairman of the Korean Intellectual Property Office, said, "Korea and ASEAN countries established the ties between the two countries in 1989. For 30 years from then, there has been a close relationship between politics, economy and society." We hope to expand the Korean-ASEAN relationship into the property and technology areas, and we will spare no effort to create innovation through intellectual property trade and utilization between Korea and ASEAN countries."

Global News Network 'AVING'
by Jane Lee (www.aving.net)

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