Thank you for your interest in our Korean patent application service.
How Meta IP Can Assist You with Intellectual Property Services?
- Patent Search Services – We provide comprehensive patent search services using IP search systems and human expertise.
- Patent Application and Registration Service – Our services cover the entire cycle of patents, from drafting patent application specifications to maintaining issued patents.
- National Phase Entries in Korea of PCT Applications – We offer affordable and satisfactory fees, including translation fees.
By entrusting us, you can benefit from our deep understanding of the patent examination process. We can translate technical documents, including English specifications, in a way that meets the needs and requirements of examiners. We also have unwritten strategies and techniques that can help maximize your chances of getting a patent in South Korea.
Our frequent visits to the Korean Intellectual Property Office enable us to have swift and effective face-to-face communications with patent examiners. This also gives us access to their search facilities. With our connections and advice from former patent examiners, which are hard to come by elsewhere, we can provide more comprehensive results.
You can enjoy several benefits by entrusting us with your patent needs. For example, we have an in-depth understanding of the patent examination process and can translate technical documents, such as English specifications, to meet the needs of examiners. We also have unique strategies and techniques that can increase your chances of obtaining a patent in South Korea. Additionally, our frequent visits to the Korean Intellectual Property Office allow us to communicate effectively with patent examiners and access their search facilities. This, combined with our connections and advice from former examiners, results in more comprehensive and satisfactory outcomes.
Are You Considering National Phase Entry for Your PCT Application in Korea?
1. Pre-application considerations
3. National Phase Entry Procedures
4. Examination Procedures: What You Need to Know
Korean-English Translation Example of an Office Action
Flowchart of the Korean Patent System
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Understanding the Importance of Patents in Business and Innovation
The following sentences convey a major misconception about patents:
“Patents do not need to be filed. Our company has nothing to do with patents. Patents are a problem for large companies, and our company has not grown enough to have problems with patents. Even if a patent is needed, it is preferable to file a patent as cheaply as possible because it is only a cost rather than a benefit. Our company has a lot of patents, so there is no problem. Somewhat vague, but our company’s products seem to not infringe on competitors’ patents. Even if you have a patent, you will be able to make money. If you have a patent, you succeed in your business. It succeeds in business without a patent.”
It is important to note that these statements are incorrect and may lead to serious consequences for a business. Patents are essential for protecting intellectual property and preventing infringement by competitors. Failing to file for a patent may result in the loss of the right to exclude others from using, making, or selling the invention. Additionally, having a patent provides a competitive advantage and can increase the value of a company’s assets. Therefore, it is crucial for businesses to understand the importance of patents and take appropriate measures to protect their intellectual property.
Operating a Business Without a Patent is Similar to Living in a Roofless House.
In a capitalist market economy that thrives on competition, monopolies are punished by the state. However, patents are the only exception to this rule. The patent system upholds order and the state will enforce it by punishing those who infringe on it. Ignoring patents may lead to a production and sales ban, which can result in loss of revenue and jobs for companies with annual sales in the billions and hundreds of employees. This is particularly true for companies that develop cutting-edge technologies without adequate patent protection, leaving them vulnerable to legal action that can be as destructive as a typhoon to a roofless home.
How Can Filing a Patent Application Benefit You?
Securing preemptive and secure market space – By obtaining patent and utility model rights in advance, we can establish a barrier to market entry and secure a blue ocean. When many companies invest high costs in research and development to launch differentiated products and enjoy a significant period of time in the blue ocean, their competitors quickly catch up with a free ride if they do not acquire a patent for the differentiated product. As a result, the blue ocean quickly becomes a red ocean.
Leading companies often use patents as weapons against their competitors – If a successor company infringes on a leading innovator’s patent, the innovator can file an infringement lawsuit and seek damages or an injunction to prevent the successor from continuing to sell the infringing product. Even if the innovator does not achieve this goal, it can put the image of a copycat on the latter company, and by forcing the successor company to avoid infringing on the patents of the leading company, it can relieve the burden of research expenditure, delayed-release, and increased costs. This can make it difficult for the successor company to compete effectively in the market, potentially leading to reduced sales and profitability.
Overcoming market barriers for corporate survival – Companies can break through market entry barriers by securing new patents that are difficult for leading companies to avoid or negotiate. Startups with intellectual property rights have a higher survival rate according to the Intellectual Property Research Institute. Not having intellectual property rights exposes a company to a higher risk of closure.
Enhancing corporate value and demonstrating technological prowess – filing a patent application can increase corporate assets while gaining a competitive advantage and showcasing technical expertise for bidding and procurement in areas such as construction. Patented technology is easier to objectively evaluate, and can serve as collateral for loans. The objectively evaluated value of technology is reflected in the company’s intangible assets, which can be an advantageous factor in the company’s valuation.
