Korea-UK Patent Attorneys Associations Discuss Cooperation to Commercialize Korean Innovations Overseas

[Financial News] The Korea Patent Attorneys Association and the UK Chartered Institute of Patent Attorneys (CIPA) discussed ways to cooperate in supporting the overseas transfer and commercialization of technologies held by Korean universities, research institutions and companies. The focus is on identifying regional innovations, including those in Daejeon, as a priority and connecting them with UK-based experts to explore opportunities for technology transactions, joint development and investment.
The Korea Patent Attorneys Association announced that it met with Rep. Jang Cheol-min of the Democratic Party of Korea at the National Assembly on the 12th, together with CIPA, to discuss cooperation on technology transfer and commercialization. Rep. Jang, CIPA President Simon Wright and Korea Patent Attorneys Association President Jeon Jong-hak attended the meeting, among others.
The patent attorneys associations of the two countries considered a cooperation model to identify technologies held by Korean universities, research institutions and companies and connect them with UK-based experts and relevant organizations. Under the model, the Korea Patent Attorneys Association would identify domestic technologies and companies, while CIPA would connect them with local experts and organizations involved in commercialization.
Rep. Jang proposed identifying specific cooperation cases by drawing on the research achievements of regional universities, government-funded research institutes and technology companies, including those in Daejeon.
The participants considered establishing a working-level communication channel between the two countries’ patent attorneys associations and prioritizing technologies and companies interested in overseas commercialization for online consultations with UK experts. They also discussed having the Korea Patent Attorneys Association compile updates on the initiative and difficulties faced by companies and share them with Rep. Jang’s office.
“It is important to connect our innovative technologies so they do not stop at securing patents but lead to technology transactions, commercialization and business growth,” Rep. Jang said. “The National Assembly will also work to ensure that the voices of researchers and businesses are reflected in policies supporting technology transfer and commercialization.”

[email protected] Kim Mi-hee Reporter