Basic approach to intellectual property
Intellectual property is indispensable for Mitsui Kinzoku Group’s business operations. We respect intellectual property rights and seek to acquire and utilize them.
We recognize intellectual property as an important management resource in the Group's policy. Based on this basic policy, we implement our intellectual property strategy, aiming to maximize its corporate value.
Republic of Korea
Reorganization of management structure and new missions
Since last reorganization in 2012, Mitsui Kinzoku Group has placed intellectual property specialists mainly in the engineered material business, the electronic material business and the R&D center where accumulating intellectual property is especially important. By doing so, we have established a structure that makes it possible to conduct activities on intellectual property closely related to our business operations.
In the light of changes in social trends, this time we have reviewed our organization in order to further strengthen IP governance. Specifically, we have relocated all intellectual specialists who had worked exclusively in the R&D and business divisions to the Intellectual Property Department. Then, we have reformed aiming to improve the overall strength of the Intellectual Property Department of this group, while keeping conventional practices closely involved in our business operations.
We have also established two new missions: to comply with the Japan's Corporate Governance Code revised in 2021 and to support the search and creation of new businesses using IP landscapes(also called "Patent Landscapes") and other methods.
Proper use of intellectual property rights
When formulating our business strategies and R&D strategies, we first investigate the IP rights of other companies. By acquiring and protecting the IP of new products and new technologies, we obtain advantageous positions in our existing businesses and seek to create new businesses.
We prevent from disputing any IP risks by promptly detecting and dealing with them and we take appropriate action to deal with infringements of our IP rights.
Respect for intellectual property as corporate culture
We aim to instill respect for intellectual property relating to inventions, designs, brands, etc. throughout the company and to establish this as part of our corporate culture. Intellectual Property Department provides beginner, intermediate and advanced training for employees mainly involved in R&D-related jobs to enhance employees’ IP-related skills. It also provides individual training and training on specific themes according to the needs of each division.
Inventions by employees
Mitsui Kinzoku has established and applies rules for handling inventions in accordance with the Patent Act in Japan to encourage inventions by employees. Rather than inventions by employees belonging to the company, inventors receive reasonable benefits for submission of IP after filling and wage of IP after granted.