Diagram of the new financial market system based on intellectual property financial investment. Provided by the Korean Intellectual Property Office.
[Asia Economy (Daejeon) Reporter Jeong Il-woong] The government is set to promote the activation of domestic Intellectual Property (IP) financial investment.
Going forward, the activation of IP financial investment will play a role in supporting innovation in the domestic economy by fostering a new industry called IP financial business and creating around 20,000 technology innovation-type jobs.
The Korean Intellectual Property Office (KIPO) announced on the 7th that Commissioner Park Won-joo recently attended the 109th National Policy Issue Review and Coordination Meeting chaired by Prime Minister Chung Sye-kyun, where he presented the "Strategy to Promote Activation of IP Financial Investment."
The strategy focuses on ▲launching various IP investment products tailored to investment preferences ▲inducing capital inflow into investment products ▲establishing a market-friendly investment foundation and base ▲supplying high-quality intellectual property rights to the IP investment market.
Through this strategy, KIPO plans to lead investment activation by including individuals in the IP financial investment sector, which has so far been limited to institutional investors.
Above all, KIPO’s plan is to propose a new investment method called IP financial investment to revitalize the domestic economy, which has been stagnating due to the prolonged COVID-19 pandemic, and to continuously support the startup and growth of innovative companies, thereby driving economic revitalization.
Commissioner Park said, “Intellectual property is a 21st-century asset that anyone with a new idea can acquire through a fair process,” adding, “KIPO will spare no effort to support individuals and companies holding intellectual property to more easily secure funding and achieve success.”
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