tag:blogger.com,1999:blog-7923005810906159036.post1470113657331710536..comments2024-03-27T12:49:05.975+00:00Comments on IP finance: South Korea's Deficit in Patent Royalty PaymentsAnne Fairpohttp://www.blogger.com/profile/02579190868405783459noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7923005810906159036.post-55362524455640352172011-03-07T16:51:44.616+00:002011-03-07T16:51:44.616+00:00Korea generates substantial contributions to its b...Korea generates substantial contributions to its balance of trade by exporting. These IP rights help make its products competitive and exportable. The royalties paid by the likes of Samsung and LG are small in comparison to the export figures and trade surpluses these companies generate. When Korean companies, for example, export to the US, royalty payments to US IP owners represent a relatively small offset in the international trade accounts against US import trade deficits. Korean companies and Korean trade figures do very well overall from this arrangement.Keith Mallinsonhttp://www.wiseharbor.comnoreply@blogger.com