“Intangible intellectual property is a key source of national and corporate competitiveness. We will..

“Intangible intellectual property is a key source of national and corporate competitiveness. We will support cutting-edge science and technology and cultural content based on creativity to become our future growth engine.”

Park In-kyu, head of the Science and Technology Innovation Division of the Ministry of Science and ICT, stated at a ceremony held on the 4th that he would reorganize and actively assist intellectual property insurance policies. In addition to Park, Prime Minister Kim Min-seok, National Assembly Speaker Woo Won-sik and National Assembly Science, Technology, Broadcasting and Communications Committee Chairman Choi Min-hee all promised to assist the intellectual property ecosystem.

On the event of Intellectual Property Day, the National Intellectual Property Commission held a ceremony to have a good time the eighth Intellectual Property Day on the 4th to spice up the morale of intellectual property house owners. About 300 individuals attended, together with Lee Kwang-hyung, chairman of the personal joint committee (KAIST), Won Hye-young, co-chairman of the General Association of Intellectual Property Organizations, associated ministries, establishments, and recipients of intellectual property commendations.

Prime Minister Kim Min-seok stated in a video commemorative speech, “The government will not spare support for intellectual property to stand tall as a country that presents technological and cultural standards targeting a super-gap cultural powerhouse.” “The ideas of intellectual property owners have the power to change the industry and improve the quality of life for the people,” he stated. “Your creativity and passion are the driving force behind Korea’s real growth.”

Woo Won-sik, chairman of the National Assembly, additionally stated, “It is a key asset that determines the national competitiveness of intellectual property,” including, “We will help innovation be protected and shined by intensively fostering national strategic technology patents and strengthening global copyright protection in the cultural content industry.”

The ruling and opposition events of the National Assembly have been additionally united in entrance of intellectual property. Choi Min-hee, chairman of the National Assembly’s Science, Technology, Information, Broadcasting and Communications Committee (Democratic Party of Korea), who visited the positioning in individual, stated, “It is regrettable that AI copyright is not included in the Artificial Intelligence (AI) Basic Act,” and promised, “We will make sure to take care of it meticulously in subsequent legislation.” Kim Hyun, a member of the People’s Power, additionally stated in a video celebration, “The National Assembly will reorganize and support the system so that intellectual property is used and protected fairly.”

The authorities and the ruling and opposition events are united as a result of intellectual property serves because the driving drive of right now’s economic system. Nvidia, which doesn’t have any semiconductor vegetation, exceeded $4 trillion in market capitalization (about 5,573 trillion received) for the primary time in July with associated patents alone. It is greater than the fourth-largest nation on the planet in phrases of GDP.

In specific, patents within the AI area are anticipated to function a ‘sport changer’ in most industries sooner or later. In the AI period, intellectual property is a key asset that determines the longer term of the nation past easy rights, stated Lee Kwang-hyung, chairman of the committee. “We need to combine cutting-edge technology and cultural content to create a super gap and protect it as intellectual property.”

At the occasion, a complete of 26 individuals acquired commendations for intellectual property advantage. Paek Joon-ho, CEO of Puriosa AI, received the Prime Minister’s Choice Award for his work in creating AI semiconductors for information facilities for the primary time in Korea. In addition, Cho Yong-pil’s “Empty,” composer Jeong Poong-song, who has labored on greater than 2,000 works, and Naver Webtoon Vice President Kim Kyu-nam, who took the lead in stopping unlawful distribution of webtoons, acquired commendations.

CEO Baek stated, “We need confidence and courage in the field of intellectual property,” including, “We have the confidence and courage to boldly challenge difficult fields and build global intellectual property, and we will do our best.”