Try GOLD - Free
South Korean Intellectual Property Office upgraded to Ministry
The Business Guardian
|December 13, 2025
Do India need to closely monitor this strategic reorganization move by the government!
Recently, South Korea, the country that holds fourth position in Global Innovation Index just after Switzerland, Sweden & USA, has witnessed an observable development as they have upgraded their Intellectual Property (IP) Office to Ministry level reporting directly to the Prime Minister. The strategic move aims to establish centralized control to formulate, monitor and coordinate all IP Acts, operations and policies along with administration and management of Patents, Utility Mode, Trademark (TM) and Design Rights. Korea is already in a position where the role and significance of IP in the economy and society is not a mystery and sounds like a routine logical progression to majority. A key reform is the establishment of the IP Dispute Response Bureau, upgraded from a division to a bureau-level entity for timely and coordinated national responses to IP dis-
putes. The Korean shift reflects a clear message that IP which now stands at 13.6% of global GDP is not merely a legal and regulatory tool, it's a strategic asset for innovation management, creative capital and global competitiveness.
This story is from the December 13, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
COURT NOTES CENTRE'S LABOUR CODE PLEDGE
Assuring itself that no legal vacuum will be allowed during the shift to the new labour law framework, the Delhi High Court has recently said it trusts the Central government to ensure a seamless transition from the old regime to the Industrial Relations Code, 2020.
1 mins
December 14, 2025
The Business Guardian
DoP partners BSE to expand Mutual Fund access across India
The Department of Posts (DoP), Ministry of Communications and the stock exchange BSE signed a Memorandum of Understanding (MoU) in line with the Budget 2025-26 announcement, which emphasised leveraging India Post's vast postal network as a catalyst for economic activity in rural and semi-urban regions.
1 mins
December 14, 2025
The Business Guardian
INDIA RETAIL INFLATION TO AVERAGE 2.5% IN 2025-26 FISCAL
As the base effect on food fades, headline Consumer Price Index or retail inflation is likely to edge up slightly to average at 2.5 per cent this financial year 2025-26, Crisil has asserted.
1 mins
December 14, 2025
The Business Guardian
Court hands double life term for step-daughter rape
The District and Sessions Court of Indore has sentenced an accused of raping his stepdaughter to double life imprisonment under relevant sections of the Protection of Children from Sexual Offences (POCSO) Act.
1 mins
December 14, 2025
The Business Guardian
Nvidia eyes higher H200 chip output
Nvidia has told Chinese clients it is evaluating adding production capacity for its powerful H200 AI chips after orders exceeded its current output level, according to two sources briefed on the matter.
1 min
December 14, 2025
The Business Guardian
TARIFFS HAVE COST EACH U.S. HOUSEHOLD $1,200
Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee.
2 mins
December 14, 2025
The Business Guardian
CTA APPARELS HAILS INDIA-EU FTA PROGRESS
Indian garment manufacturer CTA Apparels has applauded the Government of India's encouraging progress on the India-EU Free Trade Agreement (FTA), with the blueprint now in advanced stages.
1 mins
December 14, 2025
The Business Guardian
GST reforms may reduce retail inflation by 35 basis points
The decline in Consumer Price Index (CPI) or retail inflation due to massive GST rate rationalisation has been around 25 bps so far in the September-November 2025 period, according to estimates put forth by SBI Research.
1 min
December 14, 2025
The Business Guardian
Shiprocket files updated IPO papers, eyes Rs 2,342 cr issue
Temasek-backed e-commerce enablement platform Shiprocket has filed updated draft papers with markets regulator Sebi to raise a little over Rs 2,342 crore through its initial public offering (IPO).
1 mins
December 14, 2025
The Business Guardian
Sense of relief: Zubeen's uncle on SIT charge-sheet
Late singer Zubeen Garg’s uncle Manoj Borthakur felt “a sense of relief” after the Special Investigation Team (SIT) of Assam Police filed a 12,000-page chargesheet on Friday regarding the investigation of the singer's demise.
1 mins
December 14, 2025
Listen
Translate
Change font size
