Have you heard about the ‘Seed War’?
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| WIPS Global search result of comapny name, Monsanto |
The seed industry is drastically growing, because seed is directly related to survival of human beings. Intellectual properties associate with seed industry is beyond our imagination. Companies like Monsanto gains an amazing amount of leverage from famers based on their perpetrated seed technologies. Gaining a power through proertized seed is very similar to NPEs' activity in IP industry.
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| Random search result of Monsanto's seed |
After IMF, Korean seed companies have been in to the situation like merger and acquisition by global seed companies such as Monsanto, Syngenta, and Sakata. Currently, Korean domestic companies’ market share is less than 1% of global seed market. Korean seed industries and farmers even pay loyalties for Korean native radishes, cabbages, and peppers because titles of those seeds are transferred to global seed companies mentioned above.
Korean agriculture industry pays around 200 billion dollars of loyalty. It is expected that Korean agriculture industry need to pay 7,900 billion dollars of loyalty by 2020.
In spite of its poor circumstances, Korean agriculture industry is keep trying to do research and development. Recently, Korean Rural Development Administration developed new variety of strawberry called ‘Goha,’ which can grow in the tropical regions. With this newly developed seed, Korean Rural Development Administration was able to gain the leverage through its intellectual property.
The seed industry requires continuous attention and management efforts in addition to intellectual property management.
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