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The Industrial Property Tribunal (IPT) was established through an amalgamation of the former Trial Board and Appellate Trial Board. It was launched concurrently with the Patent Court on March 1, 1998.

The IPT is the court of first instance for the settlement of industrial property-related disputes and is independently operated within the Korean Industrial Property Office.

Since its inauguration the IPT has increased the number of trial judges, strengthened oral hearings, and focused on enhancing trial judges' expertise, fairness, and efficiency.