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It's Time for the "New IP Movement" in Korea

The Chairman of KIPCC (Korea Intellectual Property Commercialization Council), Johney Kim is proposing that South Korea begin a New IP Movement to help reform and uplift the nation.

Seoul, Korea, South, March 03, 2015 --( “Intellectual Property (IP) has become a critical enabler in business and global corporations are competing to survive the IP War,” said Johney Kim, Chairman of the Korea Intellectual Property Commercialization Council (KIPCC). While Korea is still enraptured by its own ‘Miracle on the Han River’, other developed countries are preparing to switch into a new economic paradigm. “Before it is too late, Korea needs to realize the importance of IP and think seriously about the direction of the country.” -Johney Kim, KIPCC

In order to survive the ‘IP War’, Mr. Kim feels that Koreans must change their perceptions. Koreans have a misconception that IP or patents can only be created by inventors or patent agents who have specialized knowledge, but this is not true. IP can be created anywhere in everyday life. Mr. Kim also feels that Koreans need to change their old perception and start believing that anyone can create, own, and utilize IP without any special knowledge.

Johney Kim went on to say, “To become a powerful IP country, Koreans need to tolerate failures and think highly of the ‘challenging spirit’. Israel, a leading startup country, is developing its competitive power based on its own venture spirit called ‘havruta’ and ‘chutzpah’. Koreans should take their lessons from ‘havruta’, which is learning through group discussion and ‘chutzpah’, which is a quality of boldness or audacity.” However, the success of IP education in developed counties was not realized overnight. In spite of the European financial crisis, Germany is still strong because of its creative education which has accumulated for over 100 years.

According to Mr. Kim, “The potential of Korea, which was proven through the ‘Reconstruction (Saemaeul) Movement’ back in 1970s, is quite high. Korea has developed from a country which received assistance from other nations to one that gives assistance and is currently ready for the next evolution.” He went on to state, “Now is the time for the ‘New IP Movement’ and entrepreneurial spirit start-up. The top Start-Up ecosystems in the US and Israel strongly protect risk-taking inventors with strong IP laws. This is essential, and Korea currently lacks in this regard, leaving its cherished inventors exposed. Korea should strive to become the center of the global economy through innovative movements creating new IP fundamentals.”

The ‘New IP Movement’, which is what Mr. Kim is labeling his new theory, can expand from the ‘Creative Economy’ initiated by the Korean government into a global movement where everyone around the world can get involved. As the ‘Reconstruction (Saemaeul) Movement’ is being considered as a successful case which brought about the ‘Miracle on the Han River’ as a model for other developing countries, the ‘New IP Movement’ will address the imbalance issues between IP and wealth and globalize the goal and mission of the ‘Creative Economy’.

KIPCC is a non-profit, non-partisan organization providing a platform for the entrepreneur and innovator communities within South Korea to increase their understanding of IP and to seek resources for unleashing the value and commercialization potentials of their creative and innovative IP into products, services, or processes.
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