In recent years, Cambodia and Korea have become important economic partners and the bilateral trade between the two countries rose to US$ 1.3 billion in 2019 from US$ 870 million two years earlier. Obviously, Korea is Cambodia’s second largest investor with more than 300 companies are increasingly expanding their investment and operations here.
Cambodia is attracting larger amounts of foreign direct investment and expected one of the most important markets in Asia in the next 10 years. However, in order to contribute to this overall goal, an effective mechanism to examine and protect Korean patents should be established since the registration of patent in Cambodia has never been easy. During the period 2010-2018, around 30 Korean applications were applied for registration of patent in Cambodia but not a single case granted due to the limited resources of the relevant Agency.
Accordingly, a Memorandum of Understanding on Patent Cooperation between the Korean Patent Office and the Ministry of Industry, Science, Technology & Innovation (MISTI)* of Cambodia have been signed and come into effect since November 01, 2019. Korean patents granted from November 01, 2019 onwards may be also registered in Cambodia after passing a simple procedure of up to three (3) months only. The required documents can be listed as:
– A Certified Copy of the Korean corresponding Patent;
– Translation of claims and specification of the Patent in English and Khmer.
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* Note: As from March 26, 2020; the Ministry of Industry and Handicraft (MIH) has been officially renamed as the Ministry of Industry, Science, Technology & Innovation (MISTI).