SEOUL, South Korea, Nov. 29, 2016 /PRNewswire/ -- The Korea Invention Promotion Association (KIPA ) announced that the Seoul International Invention Fair (SIIF) 2016 will be held at the Coex (Hall A) in Seoul, South Korea, from 1 st to the 4 th December. SIIF is one of the world's largest international invention fairs .World Intellectual Property Organization (WIPO) and International Federation of Inventors' Associations (IFIA) are officially sponsoring this event. SIIF 2016 will display a total of 639 pieces of inventions from 31 participating countries like the USA, Germany, including 176 inventions from 120 local (South Korean) companies. Together with the main exhibition, there will be the International Invention & Business Pavilion which will showcase 20 types of inventions from foreigners living in South Korea who wish to attain local patent rights or open up their own business. The participants of SIIF will encounter various opportunities from entering into the open market, technology transfer, access to crowdfunding or business meetings for purchase or investment. Junseok Lee, President of KIPA stated that, "As an event that showcases global state-of-the-art technology, SIIF has been putting efforts into building up the international status of the exhibition, working on close cooperation with related international organizations and invention groups from each country," adding that "we will do our utmost to help the participants find their way into the world market."