Intellectual Property Magazine
South Korea to introduce IP revisions in April 2021
Cap on copyright infringements raised andstatutory damage compensation introduced for trademark and designappropriations; latest revisions ‘lay the foundation to an improved marketenvironment’
Ben Wodecki
The Korean Intellectual Property Office (KIPO) has announcedthat South Korea will introduce IP revisions in April 2021, which
will see anincrease in punitive statutory damages of up to three times for trademark anddesign infringements in South Korea.