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Saudi Arabia and South Korea sign intellectual property partnership

JEDDAH, 21 January 2022, (TON): Saudi Arabia and South Korea recently agreed to implement 35 intellectual property projects together.

A memorandum of understanding was signed on the sidelines of the Saudi-Korean Investment Forum in Riyadh by Dr. Abdulaziz Al-Suwailem, chief executive officer at the Saudi Authority for Intellectual Property, and Dr. Kim Yong Rae, commissioner of the Korean Intellectual Property Office, in the presence of Korean President Moon Jae-in.

The agreement, according to a statement, “enhances the strategic partnership between South Korea and Saudi Arabia,” and will involve the secondment of Korean IP experts to Riyadh.

SAIP spokesman Yasser Hakami told media that the MoU laid out the framework, projects, timeline and procedures for the specified bilateral cooperative activities.

Hakami said “within this arrangement, the two sides will implement a number of programs and projects that will foster an IP ecosystem through patent examination, IP information, and national IP strategies.”

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