Korea Intellectual Property Office Focuses on Semiconductors On August 30, the Korea Intellectual Property Office (KIPO) has opened a Korean Semiconductor Intellectual Property Exchange (KIPEX), which has been established in order to support the semiconductor intellectual property transactions for medium and small businesses. By building a user-centered distribution system along with the development of a proof system, KIPEX plans to facilitate and expand intellectual property (IP). Aiming to activate and vitalize IP, KIPO has established this center in the second stage of its project. The first stage of this project has been conducted by SIPAC located inside the KAIST. A senior official of KIPO said, "This year a fabless company, which has the sales of more than 200 billion won, is expected to come into being, meaning that fabless industry will rapidly grow and expand. We expect this project will provide an important momentum for the development of the semiconductor design industry.