EN
HOME
ABOUT US
  • Firm Profile
  • Management
  • Awards & Honors
  • Our Offices
  • PROFESSIONALS
    SERVICES
    PRACTICE GROUPS
    NEWS & PUBLICATION
    CONTACT US
    INSIGHTS

    Rising Wave of Asia-centered Technology Innovations


    4/6/2021|INSIGHTS

    According to the data from World Intellectual Property Organization (WIPO), the number of patent applications filed by applicants in Asian countries and regions accounted for 53.7%, rising from 35.7% over the past 10 years. United States had been maintained the top 1 user of Patent Cooperation Treaty (PCT) since 1978, first year of operation by WIPO. Until 2019, China overtook US to become the largest user. As Nihon Keizai Shimbun (Nikkei) reported, a huge increase demand for IT service because of COVID-19 pandemic, a rising wave of technology innovation is sweeping Asian countries and regions. In the article, the developments in computer technology and digital communication came to front. The patent applications in the fields of VR and AR have increased by 30%. The strategy of cultivating high-end technology industries raised by China has been accelerating the establishment of building up an IP Power. Besides, in 2020 the government of S. Korean plans a New Deal program, in which indicates a concentrated investment on 5G and AI. Singapore enjoys a growth momentum as strong as Saudi Arabia.