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Data exchange program has been signed between the Saudi Authority for Intellectual Property and the Korean Intellectual Property Office

Data exchange program has been signed between the Saudi Authority for Intellectual Property and the Korean Intellectual Property Office

The Saudi Authority for Intellectual Property (SAIP) signed a program for exchanging intellectual property data with the Korean Intellectual Property Office (KIPO) during the sixth SAIP-KIPO Bilateral Meeting, which was held virtually today, Wednesday 22nd April 2020, within the framework of the Memorandum of Understanding in the field of intellectual property (IP) signed between the two sides on 25 September 2018.

The program aims to provide IP information and make it available to the public through the exchange of published and registered IP data in both countries; including patents, trademarks and industrial designs.

SAIP works to expand the scope and size of IP data coverage and its availability at SAIP’s Intellectual Property Information Center to enable Saudi inventors and innovators to research prior art and innovations at the international level to transfer technology, develop new solutions and inventions. The program also aims to introduce International business and scientific and research communities with IP rights registered in both countries.

It is worth mentioning that the National Intellectual Property Strategy (NIPST) Program was signed between the Saudi Authority for Intellectual Property and the Korean Intellectual Property Office in Seoul, Republic of Korean, , in the presence of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense and the President of the Republic of Korea Moon Jae-in on 26 June 2019.

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