CPA Global Expands Presence in KoreaBy Cpa Global, PRNE
Wednesday, May 11, 2011
World's Leading IP Management Company Responds to Increasing Market Demand
HONG KONG, May 17, 2011 - The world's leading intellectual property (IP) management company, CPA
Global (www.cpaglobal.com), today underlined its commitment to the
Korean market and to helping Korean companies protect their valuable IP
assets with the opening of a new office in Seoul. The Seoul office, the
company's first in Korea, will be led by Steve Kim, CPA Global's Director for
Korea and a former Senior Corporate Counsel for Samsung.
CPA Global has been helping clients around the world manage and optimise
the value of their IP portfolios for more than 40 years. As the world's most
trusted provider of IP management services, CPA Global is responsible for 60%
of the global patent and trademark renewals, and includes amongst its clients
leading international law firms and major corporations such as Microsoft,
Canon and United Technologies Corporation. CPA Global has had local agent
representation in the Korean market for over 15 years, but is now
establishing a direct presence and expanding its agent network in response to
increasing demand for the company's services.
Korea is the fifth largest international (PCT) patent filer in the world.
In 2010, international patent applications from Korean companies increased by
over 20%, the second highest increase in filings after China.
Speaking in Seoul today, CPA Global's Chief Executive Officer, Peter
Sewell, said: "Korea is an important global market with many Korean
corporations now operating on the world stage. Korean companies are
increasingly developing their own IP, and the need to protect and manage
those valuable assets internationally has never been more critical. This has
brought a growing demand for specialist support in IP portfolio management.
Responding to that demand, we are reinforcing our commitment to the Korean
market by expanding our local agent network and establishing a CPA Global
office in Seoul with a dedicated Korean team, offering local customer
Commenting on CPA Global's business plans for the Korean market, Steve
Kim said CPA Global is adopting a dual strategy, working directly with
corporations that generate and own their IP; and also indirectly through
agents (typically local IP attorney or IP management firms) to provide the
firm and/or its clients with IP management services and solutions.
"Through this dual strategy we aim to provide major corporations as well
as small-medium sized enterprises in Korea either directly or through agents
with top quality international IP management services to help them gain
maximum value and competitive advantage from their IP assets," he said.
CPA Global brings to Korea a comprehensive range of portfolio management
services across the entire IP lifecycle; as well as IP management software,
through three market-leading solutions: Memotech, for corporate clients;
Inprotech, for law firm clients; and FoundationIP, a hosted solution for
managing IP portfolios in corporations and law firms. In addition, the
company has recently launched CPA Global Discover(SM), a sophisticated patent
search platform, which puts international patent databases at the fingertips
of clients and delivers the most reliable and relevant results in the market.
CPA Global is also a leading player in the fast growing legal services
outsourcing (LSO) sector, providing high quality and cost-efficient legal
support services through delivery centres in the US and India. Services
include document review, transaction support, contract solutions, and legal
About CPA Global
CPA Global is the world's top intellectual property (IP) management
specialist, and a leading provider of legal services outsourcing (LSO). CPA
Global supports many of the world's best known corporations and law firms
with a range of IP and broader legal services, helping them to manage risk,
cost and capacity, and realise greater value for their businesses and their
CPA Global helps its clients manage their valuable IP Rights, such as
patents, designs and trademarks, ensuring that IP portfolios are protected,
maintained and regularly reviewed in order to maximise value. Services
include search, filing and renewals for patents and trademarks; trademark
watching; portfolio valuation and optimisation; as well as IP management
Founded in Jersey, Channel Islands in 1969, CPA Global today employs more
than 1,500 people, serving clients' needs in over 100 countries. CPA Global
has offices in major international locations, including the UK, France,
Germany, the USA, Australia, India, Hong Kong, and Korea; with strategic
partnerships in these and other important markets, including Japan.
CPA Global's diverse client list ranges from major global corporations,
headquartered in Europe, North America and Asia Pacific, to small and
medium-sized enterprises and innovation start-ups; and from top international
law firms to national and regional law and IP firms. Clients include leading
Fortune 500 and FTSE companies, and two-thirds of the Global Lawyer 100.
For further information visit: www.cpaglobal.com or contact:
Media Contacts Asia: Joanne Hon +88-52-3973-650-361, firstname.lastname@example.org United Kingdom: Steve Clark +44(0)20-7549-5504, email@example.com Victoria Knowles +44(0)20-7549-4585, firstname.lastname@example.org
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