IP Management Company Opens Korea Office

(IP) management company, CPA Global has opened a new office in Seoul.


The Seoul office, the company’s first in Korea, will be led by Steve Kim, CPA Global’s Director for Korea and a former Senior Corporate Counsel for Samsung.

Here’s the press release..


Korea is the fifth largest international (PCT) patent filer in the world. In 2010, international patent applications from Korean companies increased by over 20%, the second highest increase in filings after China.


Speaking in Seoul today, CPA Global’s Chief Executive Officer, Peter Sewell, said: “Korea is an important global market with many Korean corporations now operating on the world stage. Korean companies are increasingly developing their own IP, and the need to protect and manage those valuable assets internationally has never been more critical. This has brought a growing demand for specialist support in IP portfolio management. Responding to that demand, we are reinforcing our commitment to the Korean market by expanding our local agent network and establishing a CPA Global office in Seoul with a dedicated Korean team, offering local customer support.”

Commenting on CPA Global’s business plans for the Korean market, Steve Kim said CPA Global is adopting a dual strategy, working directly with corporations that generate and own their IP; and also indirectly through agents (typically local IP attorney or IP management firms) to provide the firm and/or its clients with IP management services and solutions.

“Through this dual strategy we aim to provide major corporations as well as small-medium sized enterprises in Korea either directly or through agents with top quality international IP management services to help them gain maximum value and competitive advantage from their IP assets,” he said.
CPA Global brings to Korea a comprehensive range of portfolio management services across the entire IP lifecycle; as well as IP management software, through three market-leading solutions: Memotech, for corporate clients; Inprotech, for law firm clients; and FoundationIP, a hosted solution for managing IP portfolios in corporations and law firms. In addition, the company has recently launched CPA Global Discover(SM)? , a sophisticated patent search platform, which puts international patent databases at the fingertips of clients and delivers the most reliable and relevant results in the market.