General view
          Agent's Role
          Benefits of License
          IPRs Owner's Role
          Licensee's Role
          Benefits of Owner
Licensing is to grant any third party (hereinafter referred to as the Licensee) use of the IP rights of the owner (hereinafter referred to as the Licensor) on the basis of an agreement between the Licensor and the Licensee. There are two kinds of licenses, one is an exclusive license and the other is a non-exclusive license. An exclusive Licensee exclusively use the IP rights concerned on the basis of a license agreement, and the Exclusive Licensee can directly prosecute a legal action against an infringer of the IP rights if the agreement is recorded at The Korean Intellectual Property Office (in cases of trademarks, designs, utility models, patents). A non-exclusive licensee can only use the IP rights concerned on the basis of the license agreement.