Imposing Punitive Damages In Case Of Breach Of Trademark And Design Rights

Published date23 December 2020
Subject MatterIntellectual Property, Copyright, Patent, Trademark
Law FirmUnited Trademark & Patent Services
AuthorMr United Trademark & Patent Services

South Korea will enforce punitive damages in case of breach of trademark and design rights in order to further ensure the protection of knowledge- based intangible assets.

The revision has been approved by the National Assembly, says the Korean Intellectual Property Office.

The important alteration is to provide damage compensation, if there is any breach with regard to designs and copyrights. Prior to this regulation, compensation was only available for...

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