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KOREA MAKES LARGEST INTELLECTUAL PROPERTY PAYMENT.
SEOUL, May 3 Asia Pulse - South Korea paid over US$1 billion for the rights to use overseas intellectual properties in the first quarter this year, the highest figure ever on a quarterly basis, the Bank of Korea (BOK) said Monday.
The total cost that South Korea incurred in the January-March period for the right to use the properties, including the cost of technology transfer, was $US1.16 billion, up 20.7 per cent year-on-year, according to BOK statistics.
The figure accounts for 32.1 per cent of the total cost incurred last year, the central bank added.
"When using overseas technology to develop products, it is inevitable for overseas payments for the use of technology to increase as the amount of production ...
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