Colombia And South Korea Launch A Pilot Program For A Rapid Process To Study Patents – Patent Prosecution Highway (PPH)

Granting a patent for citizens in countries like Brazil and Argentina may take between five and eight years. However, in Colombia, it takes only two to three years to hear back. One of the factors that has made this possible has been the implementation of a rapid process for studying patents, the Patent Prosecution Highway (PPH). Along these lines, the Superintendence of Commerce and Industry (SIC) and the Korean Intellectual property Office (KIPO) recently signed an accord that establishes a pilot program for the PPH. This program began several years ago in countries such as the United States and Spain. South Korea is now part of the agreement.

The South Korean market is looking better to Colombian entrepreneurs. It is the 12th largest economy in the world. Colombia is already a significant trading partner, with more than $600,000,000 (six hundred million dollars) in annual exports and more than $1,400,000,000 (1.4 billion dollars) in annual imports. These figures