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Title: A Study on Patent Trust System in Korea
Authors: Han, Junghee
Lee, Hee jung
Keywords: Asset-­Backed Securitization Act;Patent trust;Intellectual property rights;Asset securitization;Patent trust management model;Trust business entity;Asset-backed securities
Issue Date: Jan-2016
Publisher: NISCAIR-CSIR, India
Abstract: With the importance of intellectual property rights, utilization of IP is the key strategy at both firm level and national level. Patent trust system is the system to manage and utilize the intellectual property rights produced by public sector in Korea. In this study, patent trust system and its contribution to vitalize intellectual property right minimizing unused patents is being analysed. In order to fulfill research aims, the numerous Acts and Regulations including both domestics and foreign were used. From the findings, this study suggests that the top priority in revitalization of patent trust system should be the procurement of excellent patent. The trust agencies must procure patents that consumer corporations need. The second concern is the introduction of a patent royalty trust and insurance system. Also, patent portfolio auction needs to be introduced. Finally, patent portfolio auction needs to be introduced for vitalization of patent trust system in Korea.
Page(s): 27-37
ISSN: 0975-1076 (Online); 0971-7544 (Print)
Appears in Collections:JIPR Vol.21(1) [January 2016]

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