|
The requirements for submitting Powers of Attorney (POA) in Korea have changed as of August 10, 2018.
Previously, when a POA was submitted for a foreign company, it needed to be signed by the company representative. If not, the POA needed to be notarized.
However, in order to prevent this inconvenience, the Korean Intellectual Property Office has now implemented a less stringent standard for examining the POAs of foreign companies.
Accordingly, from August 10, 2018, onwards, a POA may be executed by any individual on behalf of a foreign company without the need for notarization. However, a simple statement, filed separately or incorporated into the POA, must indicate that the signatory has the legitimate authority to execute the POA.
|