Korea has poor natural resources and high density of population in small territory. However, Korea has a comparatively high educational level and high internet spreading ratio.

Mr. Myung-Shin Kim, Managing Partner of our firm, has a firm faith that intellectual property itself is a national competitiveness, intellectual property is only a survival policy of country in the future and that a real impact of intellectual property is originated from a combination between culture, art, science and technology.

Mr. Kim led a legal campaign to enact the Intellectual Property Framework Act in Korea, in the name of a juristic entity “Intellectual Property Forum” approved by the Korean National Assembly in 2005.

As a result of his active and continuous campaign, the Intellectual Property Framework Act was effective in Korea from July 20, 2011.

The purport and contents of this Act are attached herewith.