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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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NewJeans terminates contract with Ador, embarks on new journey
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Korean Air gets European nod to become Northeast Asia’s largest airline
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Seoul snowfall now third heaviest on record
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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BOK makes surprise 2nd rate cut to boost growth
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‘VCHA, Katseye and Dear Alice are not K-pop groups,’ industry experts say
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Korea's birthrate shows signs of recovery
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Creations of the ‘beautiful mind’
“Creations of the beautiful mind.” No, I am not referring to a novel I read last week.It refers to the definition of intellectual property offered by the World Intellectual Property Organization, or WIPO. “Intellectual property refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images and designs used in commerce.” In the midst of the infamous “intergalactic” ongoing battle between Samsung and Apple, we tend to think that intellectual property is someth
Oct. 22, 2012
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AIPPI groups and meetings
On Saturday, about 2,000 IP specialists from throughout the world converged in Seoul for the 43rd Congress of the International Association for the Protection of Intellectual Property.AIPPI has members from more than 100 countries, either grouped in national groups or regional groups. Where no group exists they are independent members. Each group welcomes IP specialists of the country or region (such as lawyers, patent and trademarks attorneys, members from industry, academics and judges) and an
Oct. 22, 2012
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AIPPI considers ambitious revamp
The 43rd World Intellectual Property Congress of AIPPI is taking place in Seoul from Saturday until Tuesday, 2012. It is the first time in 20 years that the AIPPI Congress returns to Asia. In that interval of 20 years, the economies of Korea, Japan and China have all assumed positions as leading economies in the world. During the past 20 years, the AIPPI has reformed and modernized its working methods and meetings in an effort to maintain its leading role in the study, development and harmonizat
Oct. 22, 2012
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IP experts discuss future patent system
Members of the 2012 APPI Intellectual Property Congress in Seoul started ramped up their learning curve on Sunday by sailing through a number of IP-related plenary sessions and workshops, following a warm-up period for the first two days. Attendees expressed their keen interest in the Korean legal system, in what is one of the fastest-moving IP protection markets in the world as a high-tech export-driven nation. In the afternoon, a plenary session opened up the topic of the future of the patent
Oct. 22, 2012
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Affiliates of conglomerates pay out low dividends
South Korean conglomerates’ average dividend payouts to investors hovered below the market average last year, data showed Monday, raising concerns over family-owned firms taking excessive profits.The average dividend yield ratio came to 1.09 percent for 83 affiliates of the top 10 conglomerates listed on the main bourse, according to market researcher Corporate Governance Service.The number lags behind the market average of 1.42 percent tallied by 710 listed firms on the main bourse, the CGS dat
Oct. 22, 2012
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More elderly enjoy sex
Almost four out of 10 Koreans in their 80s are sexually active, according to research released by the Korea Consumer Agency on Friday. The figure is a fourfold increase compared to a decade ago. The research, involving 500 people ― 377 men and 123 women ― aged over 60, showed that 36.8 percent of the elderly aged between 80 and 84 enjoy sex. Among those aged between 75 and 79, 58.4 percent answered that they have sex; between 70 and 74, 61.9 percent; between 65 and 69, 69.4 percent; and between
Oct. 21, 2012
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Meaning of hosting AIPPI World Intellectual Property Congress in Seoul
AIPPI is holding its 43rd World Intellectual Property Congress from Oct. 20 to 23 at COEX in Seoul. AIPPI strives for the establishment of consensus positions on current and important IP issues and advocating those positions to international and regional governmental organizations and to governments. This biennial congress’ grand return to Asia after the Tokyo congress in 1992 is particularly imperative, as Northeast Asia is the epicenter of global and major IP advancements, while also having ro
Oct. 21, 2012
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History and aims of AIPPI in promoting intellectual property
The International Association for the Protection of Intellectual Property, AIPPI is the world’s leading international organization dedicated to the development and improvement of all intellectual property rights, including patents, trademarks, industrial designs and copyright.AIPPI is a politically neutral, non-profit organization, domiciled in Switzerland and currently has more than 8,500 members representing more than 100 countries. Its objective is to promote the protection of intellectual pr
Oct. 21, 2012
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Int'l passenger traffic hits new quarterly-high in Q3
The number of passengers on international flights to and from South Korea reached a record high in the third quarter on increased demand from Chinese and Japanese tourists.The number of international passengers reached 12.95 million in the July-September period, up 10.4 percent from a year earlier, according to statistics by the Ministry of Land, Transport and Maritime Affairs.The figure is 1.22 million higher than the previous quarterly record of 11.73 million during the same period last year.T
Oct. 21, 2012
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AIPPI kicks off intellectual property congress in Seoul
The International Association for the Protection of Intellectual Property (AIPPI) will open the 43rd World Intellectual Property Congress in COEX, southern Seoul, on Saturday to discuss IP protection and other issues.A number of international intellectual property professionals arrived in Seoul to take part in the 2012 congress, one of the biggest IP-related events, to run until Oct. 23. It is the first time for Seoul to host the World IP Congress of AIPPI, the world’s oldest global IP associati
Oct. 19, 2012
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World experts to discuss protection and future of intellectual property
Following is the opening address to be delivered at the opening ceremony of the 43rd AIPPI World Intellectual Property Congress in Seoul on Saturday evening. ― Ed.On behalf of the entire Bureau of the International Association for the Protection of Intellectual Property, I am honored to welcome all of you who have come to attend the 2012 AIPPI World Intellectual Property Congress in Seoul.Established in 1897, AIPPI has done a wonderful job of protecting intellectual property. AIPPI has contribut
Oct. 19, 2012
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HSBC projects 3.8% growth for Korea in 2013
Hongkong and Shanghai Banking Corp. forecast 3.8 percent economic growth for Korea next year, higher than this year’s projected 2.6 percent, as exports are expected to pick up on China’s economic recovery.Frederic Neumann, co-head of Asian Economic Research for HSBC, told reporters here on Friday that the Korean economy faces a “challenging outlook for exports and industrial output” in the last three months of this year, but that economic growth would likely pick up in 2013 as Asia’s fourth-larg
Oct. 19, 2012
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One-person households surge
Single-person households increased rapidly to take up over a quarter of Korea’s total thanks to delayed marriages and an aging population.The reshaping of Korean households is changing the investment landscape in favor of certain industries and companies catering to individualism. They include health care, cosmetics, convenience stores, home meal manufacturing, dining, online shopping and leisure product makers. Two-person homes were dominant until last year, but were overtaken by one-person hou
Oct. 18, 2012
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Self-employed people take hit from economic slump
The number of self-employed people shutting down their business last year jumped to a four-year high, suggesting that owners of mom-and-pop stores bore the brunt of the slowing economic growth, data showed Thursday.According to the data by the National Tax Service, business closures by self-employed people totaled 829,669 last year, up 3 percent or about 24,000 from a year earlier. It marked the l
Oct. 18, 2012
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Ministry to focus on commercializing robots
The nation’s focus of policy for the robot industry will shift to commercialization from research and development, the Ministry of Knowledge Economy said Wednesday. The new policy direction was unveiled in the ministry’s second-round roadmap for the robot industry, titled “Future Strategy for Robot (2012-2022).”“One of the key points in the future robot policy is to support various sectors, public or private, to adopt and use robots in their daily work,’’ Kang Kam-chan, a ministry official, said
Oct. 17, 2012
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Businesses hit back at candidates
Experts say economic democratization won’t solve real economic problemsPolicies laced with political ideology will fail to offer any comfort for the real problems people grapple with every day, experts said at a think tank discussion on Wednesday, referring to the election pledges from top presidential candidates.“It’s simply too abstract for solving the real problems of real people,” said Chang Yong-geun, a law professor at Hongik University. Mentioning issues such as the rapidly spiraling debt
Oct. 17, 2012
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Korea’s rice production continues to shrink
South Korea’s rice production is expected to decline 3.5 percent this year due to typhoons that devastated farmland across the country, the government said.According to projections by Statistics Korea, South Korea’s rice production will amount to 4.07 million tons this year compared with last year’s 4.22 million tons, becoming the lowest since 1980 when rice production plunged to 3.55 million tons affected by relatively cold weather conditions during the growing season.Arable rice paddies fell 0
Oct. 16, 2012
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Shipbuilders’ global dominance weakens in 2012
Orders for new ships won by South Korean shipbuilders have plunged over 50 percent from a year earlier so far this year though the country continues to maintain its dominance in the global ship market, the government said Tuesday.In the first nine months of the year, South Korean shipbuilders reaped orders for 5.2 million compensated gross tons, worth $18.9 billion, according to the Ministry of Knowledge Economy.The figures for total weight and monetary value dropped 58.6 percent and 56.9 percen
Oct. 16, 2012
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AIPPI to open 2012 congress in Seoul
The International Association for the Protection of Intellectual Property (AIPPI) said on Tuesday it will hold its 43rd annual congress in COEX, Seoul, between Oct. 20-23.“The World Intellectual Property Congress is one of the biggest intellectual property events in the world. In the upcoming Seoul congress, around 2,000 intellectual property professionals from over 80 countries are expected to attend,’’ AIPPI Korea, the organizer of the 2012 Congress, said in a statement. High-ranking officials
Oct. 16, 2012
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Chaebol-bashing tops election agenda
Conglomerates worried and indignant about possible reformsThe country’s top three presidential candidates don’t seem to agree on much, but one policy initiative they all seem fixated on is “economic democratization.” Generally speaking, the term indicates a process of leveling out the playing field so that all players, big and small, have an equal chance of success in the economic and financial markets, according to the key people who are configuring the pledges for each presidential camp. The g
Oct. 16, 2012
