Since the start of the new millennium according to figure 1, the number of patents filed in South Korea has constantly been increasing. In 2016 and 2017 there is a drop due to fewer resident applications. One may, therefore wonder if South Korea can still be considered as to be so innovative if there is a drop-in number of patent applications the last years.
Figure 1: Comparison of annually filed patent applications in South Korea (source: https://www3.wipo.int/ipstats/ipslinechart )
Fresh investments and strategic adaptation of disruptive technologies are encouraging start-ups, which boosted South Korea’s indexing to the highest level of innovation according to Bloomberg. An example of such technology could be artificial intelligence where South Korea is in third place after the USA and China. Moreover, Samsung is among the Top 5 applicants in AI patents. In general, innovation can be measured in different ways, read my other two blogs about the Nordics and China.
What is also interesting is that South Korea is ranked on place 7 by the European Patent Office (EPO) 2018 as a country of origin of patent applicants and grew with over 13% compared to 2017 according to figure 2. Thus, it is one of the fastest-growing countries that file patents at the EPO.
Figure 2: Countries of origin that compares 2017 and 2018 (source: https://www.epo.org/about-us/annual-reports-statistics/statistics.html#applications )
Until now, patent information for the South Korean market had only been available in IAMIPs platform with English machine translated titles and abstracts, dating back to the 1970s as published by KIPO. Based on the feedback from our existing fortune 500 customers and users that want to be able to do full-text searches in English or Korean, IAMIPs Chief Product Officer Viktor Rudolf decided in 2017 to implement a systematic program to enhance the global collection on IAMIP’s existing database coverage.
“The translation quality from Korean to English was one of the most important criteria and after 1 year of deep analysis of vendors, methods and algorithms in translating Korean patent information we have today most probably the best English machine translated patent information to support our customers”, says Viktor Rudolf.
IAMIP now offers Korean full-text data coverage within its IamIP Platform. The full-text data covers original Korean language as well as English machine translations for all patent applications, granted patents, utility models and designs from the 1990s and onwards. Furthermore, IamIP as well receives all new published Korean documents on a weekly basis with the original and translated full-text data, so that even the weekly monitoring processes of our clients will benefit from this database extension.
“As a technology company in a global market where South Korean has increased the filings in EPO with 13% our customers can now set-up more efficient patent monitoring in original Korean language or English language”, says Viktor Rudolf.
By offering high-quality translations, our customers can now mitigate the risk of losing important information about their competitors as well as ensure they do not miss out an important patent application in their patent monitoring’s processes.
Our goal is to provide the most comprehensive and trusted translated data. With the addition of the Korean full-text data, IAMIP has strongly increased the full-text coverage of its database. Now customers will have automatic access and can review technical content found in around 15 million Korean patent documents
To learn how IAMIP enables innovation by collaboration, or to compare the quality in your Korean machine translations book a demo, click here.
My name is Dimitris Giannoccaro, I support technology-driven companies to unleash the power of patents.