JEDDAH: The Saudi Authority for Intellectual Property has signed a Memorandum of Understanding with the South Korean Intellectual Property Office to cooperate in the protection of intellectual property rights.
The MoU was signed on the sidelines of the 58th General Assembly of the Member States of the World Intellectual Property Organization in Switzerland.
It was signed by Dr. Abdul Aziz bin Mohammed Al-Swailem, executive chairman of the Saudi Authority for Intellectual Property and Kim Tae Man, the Korean commissioner for Korean Intellectual Property Office in South Korea.
The MoU aims to establish a general framework for intellectual property cooperation between the two countries and the development of automation systems, including workflow mechanisms, information systems and administrative processes.
This is done through the exchange of information on the policies, strategies and plans related to automation systems, as well as the development of the licensing program for intellectual property agents of the authority.
It also aims to enhance bilateral cooperation between the two nations to support the environment of creativity and innovation, to increase coordination and synergy in order to increase public awareness and enhance the knowledge of the community on the content and applications of intellectual property, and exchange of experiences in the fields of intellectual property and cooperation in the conduct of studies and research in fields and topics of common interest.