Seoul: Director general-level officials from the customs agencies of South Korea and China held a meeting last week to discuss concrete steps to protect intellectual property (IP) rights, Seoul’s customs office said Monday. The meeting, held Saturday at the Korea Customs Service’s (KCS) branch on Jeju Island, followed the signing of a memorandum of understanding (MOU) in January to enhance cooperation for IP protection.
According to Yonhap News Agency, the agreement was reached during a summit between South Korean President Lee Jae Myung and Chinese President Xi Jinping. During the meeting, both sides exchanged information on crackdowns conducted last year on counterfeit goods and mapped out plans to boost cooperation on IP protection through 2027. They agreed to regularly share information on crackdowns of fake goods enforced at the customs clearance stage and to designate dedicated liaison officers for the swift exchange of information on potential IP infringement.
The two countries also agreed to hold the director general-level meeting annually, with the next meeting to be held in China.