KIND and Korea Patent Attorneys Association Join Forces on IP Response for Overseas Infrastructure Projects

[Financial News] Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the Korea Patent Attorneys Association (KPAA) will work to strengthen the ability of domestic companies participating in overseas infrastructure projects to respond to intellectual property (IP) issues.
According to KIND on the 27th, the two organizations signed a memorandum of understanding the previous day to enhance the competitiveness of Korean companies in overseas infrastructure projects. The agreement was designed to reduce IP-related difficulties for companies involved in overseas investment development projects and improve their response capabilities.
KIND helps Korean companies expand into overseas markets by identifying and developing investment development projects in the overseas infrastructure and urban development sectors, while also providing investment and financing support. The KPAA is a statutory organization that works to protect and promote the use of intellectual property rights, including patents, trademarks and designs, and to advance related systems and strengthen the expertise of patent attorneys.
KIND and the KPAA will combine their overseas business networks with expertise in patents, trademarks and designs to support IP consulting and dispute response related to overseas investment development projects.
They will also cooperate on consulting for companies expanding abroad together, connecting IP experts and information, and running joint seminars and training programs. Overseas infrastructure projects involve long timelines from project identification to local execution, along with complex stakeholders, making IP response an important part of project risk management.
KIND expects the agreement to help improve access to specialized IP advice for SMEs and mid-sized companies.
Kim Bok-hwan, President and CEO of KIND, said, "As our companies expand their participation in overseas projects, interest in intellectual property and the importance of professional response are also rising." He added, "We will continue to cooperate so that Korean companies involved in overseas projects can receive appropriate IP consulting and support when needed."
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