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Letters | Time for Hong Kong to move on IP trading, or our neighbours will

Readers discuss the city’s still meagre efforts to become a regional IP hub, the community charm of Victoria Park Tennis Stadium, and the use of physical cheques

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Kim Nam-joon, known as RM, leader of the K-pop band BTS, bows after delivering his speech during the APEC CEO Summit Korea 2025 in Gyeongju, South Korea, on October 29. South Korea’s success in promoting its cultural IP offers lessons for Hong Kong. Photo: EPA
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In the evolving global economy driven by innovation, intellectual property (IP) has transformed from a mere legal safeguard into a strategic asset central to corporate competitiveness and urban development. Hong Kong, as a prominent international financial and innovation hub, has actively pursued the goal of becoming a regional IP trading centre.

Despite these efforts, the shortage of professional talent, limited cross-border collaboration and insufficient market depth continue to hinder progress.

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Among the various types of IP, cultural and creative IP stands out for its emotional resonance and commercial potential; encompassing literature, music, design, film, art and performance. Hong Kong’s multicultural environment and rich pool of creative talent provide a natural foundation for such IP development.

Other Asian countries offer valuable lessons in cultural IP development. South Korea’s Korea Creative Content Agency, for example, actively promotes the country’s cultural IP exports in film, music and gaming, contributing to the success of global phenomena like BTS and Squid Game.
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Hong Kong has natural advantages: a blend of Eastern and Western cultures, multilingual creative capacity, mature film production and financial infrastructure. The Greater Bay Area offers complementary strengths in language, culture, industry and market scale.

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