Korean Government Rejects ConAgra's Trademark Suit over Monfort Brand.
LOS ANGELES--(BUSINESS WIRE)--Oct. 11, 1999--
Attorneys for Monfort Korea Beef, Inc., a Korean beef distributor, announced today that the Korean Government has rejected ConAgra's attempt to cancel Monfort Korea Beef's trademark of the Monfort name in Korea.
The decision means that Monfort Korea Beef, a company affiliated with PT Prime Trading Corp., continues to own the trademark for Monfort brand beef in Korea. Last month ConAgra lost a similar suit in a California Federal Court.
Ron Oster, a Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. attorney for Monfort Korea and PT Prime, said, "This is a first step in a number of legal proceeding in Korea, and we are encouraged by the outcome. Monfort Korea Beef is the legitimate owner of the Monfort trademark in Korea, and we are not surprised that the Korean court has honored that fact." Monfort Korea Beef registered the trademark in Korea in 1993, with the cooperation of Monfort USA, after selling more than $100 million of Monfort beef between 1991 and 1993.
Working together with Charles Monfort, the former president of Monfort USA and current owner of the Colorado Rockies For the National Hockey League team (1976 – 1982), now known as the New Jersey Devils, see .
The Colorado Rockies are a Major League Baseball team based in Denver, Colorado. They are in the West Division of the National League. baseball team, Monfort Korea spent the last decade establishing Monfort brand beef as the number one beef product in Korea. According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. attorneys for Monfort Korea Beef and PT Prime, after Charles Monfort left Monfort USA at the end of 1998, new management at ConAgra attempted to appropriate the Korean beef market for itself, at the expense of its former business partners, Monfort Korea Beef and PT Prime. These attempts included ConAgra's efforts to cancel Monfort Korea's trademark in the case that has now been rejected by the Korean patent courts.
"It is sad what a mess ConAgra's new management has made in Korea," said James Kim This article is about the CNET editor. For the Korean guitarist, see Kim Se Hwang. For the Korean-American physician, see Jim Kim.
James Kim (August 9, 1971 – December 3/4, 2006) was an American television personality and technology analyst for the former , president of PT Prime. "They took everything that my brother Gap Kim, Charlie Monfort, and I had built over the years and destroyed it out of greed Greed
See also Stinginess.
lust for gold leads to decline. [Br. Lit.: Almayer’s Folly]
Shakespearean symbol of avarice. [Br. Lit. . Hopefully, as the rightful owners of the trademark, we can make Monfort right again."
The rejection of ConAgra's trademark cancellation case is yet another setback setback
In architecture, a steplike recession in the profile of a high-rise building. Usually dictated by building codes to allow sunlight to reach streets and lower floors, the building must take another step back from the street for every specified added height interval. for ConAgra in Korea, which is the third largest market for U.S. beef. ConAgra's Monfort USA beef company has been suspended indefinitely in·def·i·nite
Not definite, especially:
a. Unclear; vague.
b. Lacking precise limits: an indefinite leave of absence.
c. by the Korean Government's from bidding on its purchases. The suspension is the result of the discovery earlier this year that USDA USDA,
n.pr See United States Department of Agriculture. certificates had been changed from "Ungraded" to the more preferable and expensive "Choice" grade. According to a federal lawsuit filed by PT Prime, ConAgra personnel have systemically altered labels and certificates on numerous shipments of beef to Korea. The USDA is currently investigating these charges.
ConAgra had originally accused PT Prime of altering the certificates, however, this August, ConAgra was caught sending another mislabeled mis·la·bel
tr.v. mis·la·beled also mis·la·belled, mis·la·bel·ing also mis·la·bel·ling, mis·la·bels also mis·la·bels
To label inaccurately.
Adj. 1. shipment of beef to the Korean government, a shipment sent after ConAgra's business relationship with PT Prime had ended.
The Korean beef market will potentially become even more lucrative after Korea becomes an "open market" in January 2001. In addition, this recent trademark ruling may have a far reaching impact on ConAgra's Monfort business beyond Korea. In court papers, ConAgra and Monfort U.S. admitted that they have pending applications for trademarks in at least 11 foreign countries, including Argentina, Bolivia, Brazil, China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Italy, Poland, Russia, Singapore, South Korea, and England.