Depends. This feels a bit like the Wright Brothers patenting wing warping. It's possible that innovation will happen so quickly that the original patents become worthless.

Frankly there is also zero chance that the patents are respected by all parties (i.e. China), regardless.

Yes, that is a definite possibility.

That doesn't follow at all. Lead and copper aren't exclusive to South Korea. The authors get prestige and the owners of whatever patents are granted get some money.

Of course they aren't. But patent owners get to set the terms under which their patents are licensed. It's not like the record business where there is a fixed deal and if you use someone's lyrics you know up front what it is going to cost you. Someone might not even want to do business with you at all...

> But patent owners get to set the terms under which their patents are licensed

To private entities, sure. The US government can and will force you to grant them a license if necessary.

Yes, except that's the US government and the inventors here are in South Korea. I don't think the US would get away with declaring 'eminent domain' over something invented in a different country. They could choose to simply not honor the patent but that will open a massive can of worms, especially because a lot of this stuff depends on reciprocity: if your government doesn't honor our key patents, why should we do the reverse?

Carbon, oxygen, hydrogen, nitrogen, phosphorus and sulfur make up the bulk of organic molecules and plenty of those are covered by world wide patents (drugs).

IP laws--should any even apply--won't prevent any state from using this material should the claims be proven true.

Of course it won't. But then I predict that there will be a massive impact on IP laws as a construct. Because this is the one that counts, if they don't work here they're doomed.

I don't think you can patent a material, just the methods you use to produce it. And if this is the real thing, there are probably dramatically more efficient ways to produce than this first step.

I don't think you should be able to, but there is this story that I read a while ago that makes it seem like you can:

https://www.nature.com/articles/35003008

If LK-99 turns out be a legit room temp superconductor I can't see traditional patent/IP rules applying to it. The value to our species to too high for a technology like that to be encumbered. I would think a very large lump sum payment to the patent holders would be sufficient to cover everyone's interest.

Otherwise I fully expect every government in the world to simply ignore the patent and allow public/private use -- effectively invalidating the patent.

There is existing precedent for this type of action: the US government seizing wireless patents during WW1 or the Indian government invalidating international patents on medication for the purpose of federal manufacturing.