[Book Sip] In the Era of Digital Transformation, 'Intellectual Property, Embracing Value'

Some sentences encapsulate the entire content of the book itself, while others instantly resonate with the reader’s heart, creating a connection with the book. We excerpt and introduce such meaningful sentences from the book. - Editor’s note

This book covers the value of intellectual property in the era of digital transformation, intellectual property administration and diplomacy, and Japan’s intellectual property strategy. Along with the basic concepts of intellectual property, it explains the role of intellectual property in the digital transformation era. It also introduces new intellectual property rights such as artificial intelligence, metaverse, and big data, as well as companies based on these. Furthermore, it analyzes intellectual property administration, diplomacy, and financial systems, and explains talent development systems suitable for these. Finally, it introduces Japan’s ongoing intellectual property strategy, the Cool Japan strategy, and presents sector-specific response strategies.

Patented technology has been the driving force and symbol of power behind the 2nd, 3rd, and 4th industrial revolutions. Every country, especially the United States, has been a representative nation dominating the global economy with this innovative technology. Looking at modern history, the patent technologies of American companies and government were never leaked or stolen externally, and if that happened, they retaliated thoroughly.

Intellectual Property (IP), according to the “Basic Intellectual Property Act,” refers to knowledge, information, technology created or discovered through human creative activities or experiences, expressions of ideas or emotions, business or product marks, biological varieties or genetic resources, and other intangible things that can realize property value.

A chronic problem in the Korean intellectual property ecosystem is the leakage of technology and trade secrets. There have been numerous lawsuits and even cases where lives were lost. Above all, the biggest issue is the awareness of trade secrets. Especially for workers in small and medium-sized enterprises, many are engaged in their work without a clear awareness of whether their tasks involve the company’s trade secrets.

Intellectual Property, Containing Value | Written by Kim Chan-hoon | Nara Inet | 18,000 KRW