South Korea:
Imposing Punitive Damages In Case Of Breach Of Trademark And Design Rights
23 December 2020
United Trademark & Patent Services
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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 infringement of patents and trade secrets.
Along with this revision, the definition of the
“damage” has been also altered in favor of the right
owner.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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