U.S. Granted Patents: Total Patents Originating in South Korea
PATENT4NKRTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,705.00
Year-over-Year Change
171.50%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in South Korea' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors and companies based in South Korea. This data is an important indicator of South Korean innovation and technology competitiveness.
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
This series tracks the total patents originating from South Korea that are granted by the U.S. government. It provides insights into the innovative capacity and global technological position of South Korean businesses and research institutions. Analyzing this data can inform assessments of South Korea's economic and technological development.
Methodology
The data is collected through the official patent application and granting process administered by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this patent data to evaluate South Korea's innovation ecosystem and competitiveness relative to other major economies.
Key Facts
- South Korea was the 5th largest source of U.S. patents in 2021.
- U.S. patents granted to South Korean inventors have grown over 400% since 2000.
- Patent data is a leading indicator of technological and R&D capabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. government to inventors and companies based in South Korea.
Q: Why is this trend relevant for users or analysts?
A: This patent data provides insights into South Korea's innovation capacity and global technological competitiveness, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the official patent application and granting process administered by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this patent data to evaluate South Korea's innovation ecosystem and competitiveness relative to other major economies.
Q: Are there update delays or limitations?
A: There may be some delays in reporting due to the administrative patent granting process, but the data is generally timely and comprehensive.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in South Korea (PATENT4NKRTOTAL), retrieved from FRED.