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Thursday, May 23, 2013
Samsung Establishes Own U.S. Patent Firm

Samsung Display last month set up established a company specializing in trading and developing patents in the United States.

The display-making affiliate of Samsung Group said it invested $25 million to launch Intellectual Keystone Technology (IKT) in Washington D.C. in a move to beef up its patent-related business, the Korea Times reported today. Samsung owns 100 percent of IKT.

With the moe, Samsung aims at strengthening its patent-related business and protect its intellectual property.

IKT bought LCD- and OLED-related patents previously owned by Japan?s Seiko Epson on April 30.

Legal patent disputes with Apple have also encouraged Samsung to invest more in patents.

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