A PYMNTS Company

South Korea/US: Samsung enters patent wars with new company

By  |  May 27, 2013

Samsung, based in South Korea, has set up a company in the US for the sole purpose of patent acquisition. The tech giant has established Intellectual Keystone Technology in Washington D.C., pumping $25 million to launch the business reported to focus on tech gadget screen patents, including LCD and OLED screen technology. According to Samsung, the new business is a way to protect the company’s intellectual property, and that the patent business is a way to promote innovation. But an insider, unnamed in reports, claims the move was to insure the company has “undisputable leverage” in the market and to guarantee profits regardless of the state of the market.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Slash Gear

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.