ALEXANDRIA, Va., June 16 -- United States Patent no. 12,654,231, issued on June 16, was assigned to KORLOY INC. (Seoul, South Korea).

"Cutting insert and cutting tool on which same is mounted" was invented by Sung Hun Kim (Cheongju-si, South Korea), Young Heum Kim (Cheongju-si, South Korea) and Byung Hoon Min (Cheongju-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "A cutting insert according to one embodiment of the present invention comprises an upper surface, a lower surface, a lateral surface, a cutting edge, and a fastening hole, wherein the cutting edge includes a main cutting edge, a nose R part connected to the main cutting edge, and a sub-cutting edge connected to the nose R part, the...