U.S. Granted Patents: Design Patents Originating in South Korea
PATENT4NKRDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,667.00
Year-over-Year Change
43.83%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in South Korea' trend tracks the number of design patents granted by the U.S. Patent and Trademark Office to applicants from South Korea. This metric provides insight into innovation and technological development in the South Korean economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Design patents protect the ornamental, non-functional aspects of new inventions and products. Tracking design patents originating in South Korea is useful for analyzing cross-border innovation, technology transfer, and global competition in product design.
Methodology
The data is collected directly from administrative records of the U.S. Patent and Trademark Office.
Historical Context
Policymakers and market analysts monitor this trend to assess the innovative capacity and commercial success of South Korean companies in the U.S. market.
Key Facts
- Design patents have a 15-year term in the U.S.
- South Korea is the 4th largest source of U.S. design patents
- Design patents cover over 25% of total patents from South Korea
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted by the U.S. Patent and Trademark Office to applicants from South Korea. Design patents protect the ornamental, non-functional aspects of new inventions and products.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patents originating in South Korea provides insights into cross-border innovation, technology transfer, and global competition in product design. This data is useful for policymakers and market analysts assessing the innovative capacity and commercial success of South Korean companies in the U.S. market.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to assess the innovative capacity and commercial success of South Korean companies in the U.S. market, which informs decisions around trade, technology, and industrial policies.
Q: Are there update delays or limitations?
A: The data is subject to typical administrative processing delays, with the most recent month's figures typically available within 2-3 months.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in South Korea (PATENT4NKRDESIGN), retrieved from FRED.