Comparing Antitrust Guidelines In The US And Korea

Law360, New York (January 30, 2012, 1:52 PM EST) -- Like their Korean counterparts, the United States’ laws governing intellectual property and competition, respectively, share the common purposes of promoting innovation and enhancing consumer welfare.[1] Also as in Korea, in the U.S. there is significant tension between intellectual property (IP) rights and competition (antitrust) regulation.

Competition laws prohibit unreasonable restrictions on competition; IP laws legalize certain restrictions, giving "creators of new and useful products, more efficient processes and original works of expression" the right to restrict competition regarding their creations.[2]

As the U.S. Court of Appeals...
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