Illicit Trade and the Korean Economy / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

Illicit trade (Organisation for Economic Co-operation and Development)

Illicit Trade

Language:

English

Subjects (All):

Intellectual property--Korea (South).

Intellectual property.

Physical Description:

1 online resource (65 pages).

Place of Publication:

Paris : OECD Publishing, 2024.

Summary:

The Korean economy is known for its innovation and wealth of intellectual property (IP), having one of the highest patent applications in the world. Its IP-intensive industries are deeply integrated in the global economy through their active participation in global value chains. Such integration, however, exposes Korean IP-intensive products to high counterfeiting and piracy risks. This report examines the global trade in counterfeit products that infringe on Korean intellectual property rights (IPR) and its impact on the Korean economy. Specifically, it estimates the effects in terms of sales and job losses in the Korean manufacturing sector, as well as the impact on government revenues. The report concludes that the infringement of Korean IPR poses a significant threat to the Korean economy. The magnitude and widespread impact of this issue call for the implementation of comprehensive and coordinated solutions.

Contents:

Executive summary

1. Introduction

2. Measuring counterfeiting and its effects

3. What are the main characteristics of trade in counterfeit goods infringing Korean IPR holders?

4. What are the impacts of global infringements of Korean IPRs on the Korean economy?

5. Concluding remarks

References.

Notes:

Description based on publisher supplied metadata and other sources.

Includes bibliographical references.

ISBN:

92-64-85009-0