From protection to value creation: Korea resets IP strategy

South Korea’s newly elevated intellectual property authority is seeking to turn patents and ideas into sources of revenue, moving beyond its traditional role of examining and registering intellectual property rights. “The biggest change is that our role no longer ends with granting and protecting rights,” Intellectual Property Minister Kim Yong-sun said in an interview with The Korea Herald. “We are expanding it to help intellectual property generate revenue through transactions and commercializ