The economic success of a business in the future will be determined by its capability to strategically manage intellectual capital, whose major elements will be intellectual property rights (‘IPRs’). The IPRs are becoming promising source of financing even in today’s economic environment. Thus we will explore issues regarding the collateralization of IPRs under the UCC Article 9 and asset-backed IPR securitization. We will further review some exemplary IPR financing practices in the United States including the Pullman Group’s Bowie Bonds. Finally we will draw a few business and policy implications for companies and government of Korea.