Tuesday, August 6, 2013

Intel Seeks to Register Trademarks in N. Korea

International/News/News/KBS World Radio
And so it begins.
What exactly does this mean?
"
Intel also requested that it be allowed to remit funds to North Koreans who are not subject to U.S. sanctions."
Here is the answer
"
A diplomatic source in Washington said Intel's move apparently is aimed at laying the groundwork to advance into North Korea's market in the event U.S. sanctions are lifted. "
Intel is not wasting their time, energy, and money on this if they did not know something that we do not know.


Intel Seeks to Register Trademarks in N. Korea
U.S. semiconductor chip maker Intel has requested the U.S. government that it be allowed to register and protect its trademarks in North Korea which is subject to strict U.S. sanctions.

Washington-based National Public Radio said it confirmed such a report on Intel based on documents it received from the Office of Foreign Assets Control under the Treasury Department.

According to the documents, Intel submitted on August 15th of last year through its law firm, Novak Druce Quigg LLP, an application for a "Specific License” to register, maintain and strengthen its trademarks in North Korea.

Intel also requested that it be allowed to remit funds to North Koreans who are not subject to U.S. sanctions.

Intel has designated the North’s Moranbong Patent and Trademark Agency as its official agent in the North.

With regards to Intel’s reported request, a Treasury Department official said the department has a favorable licensing policy for protecting intellectual property.

A diplomatic source in Washington said Intel's move apparently is aimed at laying the groundwork to advance into North Korea's market in the event U.S. sanctions are lifted. 

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