Lotte Card has registered 36 intellectual property rights related to domestic stablecoins based on the South Korean won.
The company not only filed for protection of Token symbols but also registered brands in Korean, including names like WONBIT, KTOKEN, and LOCAMONEY.
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Lotte Card has registered a total of 36 intellectual property rights for the South Korean won stablecoin.
Prominent brands include WONBIT, KTOKEN, and LOCAMONEY.
What intellectual property rights has Lotte Card registered related to the won stablecoin?
Lotte Card has proactively registered many intellectual property rights, including 12 brand names and 24 Token symbols associated with the won stablecoin, reflecting a comprehensive protection strategy in terms of identification and transactions in the domestic cryptocurrency sector.
According to the Korean Intellectual Property Office's data system, brand names such as WONBIT, KTOKEN, LOCAMONEY are registered to protect brand rights and ensure credibility when developing the won Token ecosystem.
Why did Lotte Card register brands in Korean and Token symbols simultaneously?
Simultaneously protecting the Korean brand names and Token symbols helps Lotte Card strengthen copyrights and reduce disputes in the increasingly competitive cryptocurrency environment.
Registering diverse intellectual property rights allows us to enhance market control and protect customers when deploying domestic stablecoins.
Park Jae-sik, Director of Lotte Card, July 2023
This strategy aligns with the trend of digital financial development in South Korea, where the law is becoming stricter, and users demand transparency and high safety.
Which Token brand names have been selected for registration by Lotte Card?
Lotte Card chooses friendly and memorable names like WONBIT, KTOKEN, LOCAMONEY to both reflect a connection to the won and create a unique mark in the domestic cryptocurrency market.
These brands aim to diversify cryptocurrency products while promoting the adoption of stablecoins in financial services such as payments and transactions.
What does Lotte Card's registration reflect about the development trend of stablecoins in South Korea?
Strong brand registration activities indicate the serious preparation of major financial institutions to enter the cryptocurrency market, especially stablecoins linked to the local currency.
Strengthening intellectual property protection is a key factor for the sustainable development of financial solutions based on Blockchain and stablecoins.
Kim Hyun-woo, Blockchain Expert at the Korea Financial Research Institute, June 2023
This trend also reflects a desire to control and stabilize the national cryptocurrency market, in line with the South Korean government's financial management policies.
Frequently asked questions about registering intellectual property rights for this stablecoin.
How many Token brands and names has Lotte Card registered?
The company has registered a total of 36 intellectual property rights, including 12 brand names and 24 Token symbols related to the stablecoin won.
What benefits does this registration bring to Lotte Card in the cryptocurrency market?
Helps protect the brand, increase competitiveness, and ensure rights when developing new financial products based on stablecoins.
What are the prominent Token brand names?
WONBIT, KTOKEN, and LOCAMONEY are the prominent registered names aimed at closely linking with the domestic won.
What does it mean to simultaneously register a brand name and Token symbol?
This is a strategy to provide comprehensive protection from brand identification to the technical aspects of Token transactions, avoiding the risk of disputes.
What trend does this reflect in the South Korean cryptocurrency industry?
Illuminate the development of domestic stablecoins while supporting financial management and consumer protection on the Blockchain platform.
Source: https://tintucbitcoin.com/lotte-card-dang-ky-thuong-hieu-won/
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