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Patent Index 2024: R. Korea Secures Top 5 Spot for Second Consecutive Year, Proving Its Strength in Innovation

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European Patent Office (EPO) received nearly 200,000 patent applications last year, with 6.6% coming from the Republic of KoreaStrongest growth globally came from electrical machinery, apparatus, energy sector, where R. Korea was leading country of origin at the EPOSamsung tops the EPO company ranking, filing more than 5 000 European patent applications, with LG securing the No. 3 positionKorea recorded the highest growth rate in patent applications among the leading countries, with a 4.2% YoY increaseSurge in AI and battery technology patent filings 

MUNICH, March 31, 2025 /PRNewswire/ — The European Patent Office (EPO) published its annual Patent Index 2024 today, revealing that a total of 199,264 European patent applications were filed last year. This figure is nearly identical to that of 2023 (199,452), indicating that after three years of rapid growth, patent applications have stabilized.

Korea leads in patent application growth

For the second consecutive year, R. Korea ranked fifth country of origin with 13 107 patent applications filed at the EPO from Korean innovators, accounting for 6.6% of all applications filed. The United States topped the list, followed by Germany, Japan, P.R. China, and R. Korea. Notably, Korea recorded the highest growth rate among the top 10 countries, with a 4.2% year-on-year increase. In contrast, P.R. China saw a modest increase of 0.5%, while the U.S. (-0.8%) and Japan (-2.4%) saw declines. Patent applications from EPO member states grew 0.3%, and accounted for 43% of total filings. The remaining 57% came from non-European countries.

Major corporations driving innovation: Samsung reclaims No. 1 Spot

Samsung emerged as the top patent applicant in 2024, reclaiming the No. 1 position for the first time since 2020, surpassing Huawei. LG secured third place, while Qualcomm and RTX followed in fourth and fifth place, respectively. Among the top 10 patent applicants, two were Korean companies (Samsung at No. 1 and LG at No. 3), alongside four European companies, two U.S. companies, and one each from China and Japan. (See also “Top applicants from R. Korea in 2024”)

Global and Korean trends: Computer technology takes the lead, AI and battery innovation on the rise

For the first time, computer technology emerged as the top sector for patent applications at the EPO overall, with 16,815 filings in 2024. This was spurred by strong growth in AI-related technologies such as machine learning and pattern recognition. Computer technology was also R. of Korea’s third largest field for European patent applications. Among the top 10 sectors at the EPO the one with the highest growth rate was electrical machinery, apparatus, and energy, up 8.9% year-on-year, driven primarily by advancements in clean energy, particularly the sub-field of battery technology (+28.0%). Electrical machinery was also R.Korea’s most active field, and thanks to strong growth (+15.8%), R. Korea became the leading country of origin in 2024. The country also had three companies among the top 10 patent applicants for battery-related technologies: LG in 1st place, Samsung 3rd, and SK in 7th.  Meanwhile, the digital communications sector, which encompasses mobile network technologies, declined overall at the EPO by 6.3%. It remained R. Korea’s second most important technology field and saw modest growth.

“Despite political and economic uncertainties, companies and inventors from around the world filed a high number of patents last year, underlining their technological prowess and their continued investment in R&D,” said EPO President António Campinos. “The EPO’s patent data is a clear roadmap for industry, policy, and investment priorities – tracking global innovation trends and offering insights into European patent application activity across industries and regions.” 

Unitary Patent gains popularity with Korean patent proprietors

The Unitary Patent system, launched in 2023, continues to gain momentum, offering innovators from around the world simpler and more accessible patent protection across 18 EU Member States with a single request to the EPO. Unitary protection was requested for 25.6% of all European patents granted by the EPO in 2024 totalling over 28 000 requests.

Patentees from EPO member states had the highest uptake rate, with 36.5% of their European patents transformed into Unitary Patents, followed by those from Republic of Korea (18.9%, up from 9.7% in 2023), China (17.9%), the US (16.0%), and Japan (7.9%). The top Unitary Patent requestors in 2024 were Johnson & Johnson, Siemens, Samsung, Qualcomm, and Volvo Group.

Further information

View the Patent Index 2024 in fullExplore and customise statistics in our Statistics & Trends CentreAccess Unitary Patent statistics via our dedicated dashboard Download datasets (MS Excel) in the Download data section of our statistics pageCheck patent trends on the go with the EPO Data Hub mobile appRead studies on innovation trends at the Observatory on Patents and Technology EPO’s support for SMEs, universities, non-profit organisations and other smaller applicants

Follow us on social media: X | Facebook | LinkedIn | Instagram | YouTube 

Official hashtag: #EPOPatentIndex

About the EPO

With 6 300 staff members, the European Patent Office (EPO) is one of the largest public service institutions in Europe. Headquartered in Munich with offices in Berlin, Brussels, The Hague and Vienna, the EPO was founded with the aim of strengthening co-operation on patents in Europe. Through the EPO’s centralised patent granting procedure, inventors are able to obtain high-quality patent protection in up to 45 countries, covering a market of some 700 million people. The EPO is also the world’s leading authority in patent information and patent searching.

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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