Korean Companies Rarely File International Patent Applications

According to Business Korea, many Korean companies prefer filing their trademarks separately in specific countries without going through the Madrid system. The Madrid system is widely used in Europe, for its convenience and it drastically reduces costs and time.  Korea also became a member country of the Madrid Union in 2003 because of its advantages.  However, there are not many cases of Korean companies using the system.

According to the article, it is estimated that 300-500 cases are registered per year by local companies through the system, which is a minuscule number compared to the figure for trademarks filed by overseas firms. 

Korean companies prefer filing their trademark separately in specific countries without going through the system because of Madrid System’s “concentrating attack” phenomenon which affects registered trademark when there is any change occurs in a trademark of the original country. 

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