Korea tries to boost tech transfer

Erica Poon, Hong Kong


The latest programme by the Korean Intellectual Property Office will not be enough to develop a more active technology transfer market, licensing specialists have said

The programme, described as “comprehensive consulting for technology transfer”, assists small- and medium-sized businesses to find patents that match their demands and then gives advice on price negotiation and strategies to commercialise the patents.

The Korea Invention Promotion Association (KIPA) will fund the consulting agency in five areas of technology: mechanics and material; information and communication; electric and electronic; chemistry and environment; and biological and medical. Each area will get W54 million ($50,000).

This is “far from enough,” said Jae Hyuk Choi, the manager of the technology management team at Darae Law and IP Firm, who said more is needed to provide comprehensive consultation.

“A substantial increase in the budget would be...



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