The Power of Intellectual Properties in Korea Has Grown Immensely for Last 2 Years

1. Treble Damages The Korean Patent Act adopted treble damages for intentional infringement of patents and intentional misappropriation of trade secrets effective since July 9, 2019. 2. Damages Regardless of the Patentee\’s Maximum Production Capability Under the Korean Patent Act currently in effect, the amount of damages is determined by multiplying the amount of profit …

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