Logo of Phnom Penh Post newspaper Phnom Penh Post - Ministry, South Korea ink patent protection MoU

Ministry, South Korea ink patent protection MoU

Content image - Phnom Penh Post
Minister of Industry and Handicrafts Cham Prasidh and South Korea’s Intellectual Property Office Commissioner Park Wonjoo signed a memorandum of understanding (MoU) on a patent agreement on Friday. The Ministry's Facebook page

Ministry, South Korea ink patent protection MoU

The Ministry of Industry and Handicrafts and South Korea’s Intellectual Property Office signed a memorandum of understanding (MoU) on a patent agreement on Friday to promote Korean business and investment in the Kingdom.

Under the agreement, signed by Minister of Industry and Handicrafts Cham Prasidh and South Korea’s Intellectual Property Office Commissioner Park Wonjoo, patents registered in South Korea will be recognised in Cambodia.

Prasidh said the deal will help draw investors and boost the economy.

“There’s a need to effectively control the number of international [patent] applications in Cambodia.

“This agreement is for joint economic benefit between Cambodia and South Korea through investment promotion, exchange of experience, human resource training and technology,” he said.

Pich Ang, the former director of the Intellectual Property Association of Cambodia, told The Post the agreement would strengthen technical and human resources in the Kingdom.

“Through this agreement, we will benefit from new technologies through review and research. Our officials will be able to work in technical areas more efficiently and thereby boost our resources,” he said.

Cambodia, he said, would be able to attract more investors when it effectively protects intellectual property.

“If we can protect their intellectual property, they will believe we can protect their innovations. They can come to invest more and build factories in our country,” he said.

The agreement is valid for five years and can automatically be renewed for another five if neither party requests termination.

Prasidh said Cambodia has also cooperated with Singapore, Japan, China and the EU on patent registration and recognition.

Data released by the Ministry of Industry and Handicrafts said Cambodia has received 816 international patent applications since 2015, of which 150 have been reviewed and approved.

MOST VIEWED

  • PP massage parlours raided, 29 suspects held for prostitution

    The Phnom Penh municipal Military Police on Sunday raided four massage parlours in Por Sen Chey district and detained 29 suspects for questioning over their alleged involvement in prostitution. Deputy municipal Military Police commander Pu Davy on Monday said the four massage parlours were located near

  • PM: All 10 Asean countries to receive Rainsy arrest warrants

    Prime Minister Hun Sen said on Thursday that all 10 Association of Southeast Asian Nations (Asean) member states will receive warrants for the arrest of Sam Rainsy. The warrants have already been sent to Laos and Thailand. He was speaking at a joint press conference at

  • Overtourism still threatens Angkor Wat

    Ticket sales to the Angkor temples are down. An Angkor Enterprise report has revealed that ticket sales to the Angkor Archaeological Park dropped by more than 11 per cent from the same period last year. Prime Minister Hun Sen isn’t concerned. He told journalists that

  • Human rights report biased, says Cambodia

    Cambodia has accused the 42nd session of the Human Rights Council in Geneva, Switzerland on Wednesday of having “undermined the principle of objectivity”. In a statement issued on Tuesday, the Permanent Mission of the Kingdom of Cambodia to the UN said the Office of the