Wednesday, January 1, 2014

Samsung’s US patent acquisition firm has new shareholders

According to Seoul Economic Daily in S. Korea, Samsung Display’s wholly owned US patent acquisition company, IKT (Intellectual Keystone Technology LLC), recently sold total of 72% of its shares to several companies including some subsides of Samsung Group and foreign firms. Industry experts expressed that the efforts of inviting various investors indicate Samsung’s intention of full-scale development of global patent business company.

Samsung formed IKT in Washington DC on May of 2013 with the initial investment of $25 M for the 100 % share of IKT.  IKT’s main role is to acquire high quality patents for Samsung’s strategic patent management. As the first task, IKT closed a deal with Seiko-Epson in Japan for a small number of patents related to LCD equipments. Samsung is going to acquire patents aggressively to protect itself from competitors’ challenge through patent lawsuit. Samsung also expressed its intention of investment to start-ups that hold patent portfolios which are necessary to its global business leadership.

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