Thursday, December 4, 2014

The first Korean patent monetization entity will be formed in 2015


According to the financial news (http://www.fnnews.com/news/201412031712515895), Financial Services Commission of S, Korea will establish a fund to form the first Korean patent monetization entity in early next year.  Five other Korean government agencies including KIPO will collaborate to set up the patent monetization entity.

The first Korean patent monetization entity will acquire patents relating to major industry in S, Korea.  The acquired patents will be exploited for patent monetization. The new firm's monetization model will include patent assertion through litigation. The amount of initial fund is known to be around $300 - $400 M, and the fund will be invested mainly by Korea Development Bank and Korea Industry Bank.

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