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Korean Legislature Passes Patent Linkage Bill, To Take Effect March 15

March 5, 2015 at 9:41 AM
South Korea's National Assembly on Wednesday (March 4) approved a bill that will implement Seoul's new "patent linkage" regime, an obligation it committed to under the Korea-U.S. free trade agreement (KORUS). The law, which amends Korea's Pharmaceutical Affairs Act, passed the National Assembly's plenary session and will enter into force on March 15. That date is also the three-year anniversary of the FTA's entry-into-force and the deadline for Korea to implement the patent linkage regime. The new law requires that...

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