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Korean firms face global patent disputes
22/08/2012 12:00
South Korea’s business sector has faced a growing number of patent disputes with foreign enterprises as many local big players are increasing their shares in overseas markets.
According to the Korean Intellectual Property Office, the business sector saw the number of international patent lawsuits surge by 80.5 per cent over the past two years. In particular, Korean firms are increasingly becoming the target of patent offensives from foreign technology powerhouses.
“A growing number of foreign firms have been keeping globally prominent local players in check amid heightened protectionism and grim economic conditions,” said Lee Won-hee, a researcher at Samsung Economic Research Institute.
“While (overseas firms) pushed for anti-dumping tariffs in the past, they are now beefing up patent attacks on IT companies.”
According to the Korean Intellectual Property Office, the business sector saw the number of international patent lawsuits surge by 80.5 per cent over the past two years. In particular, Korean firms are increasingly becoming the target of patent offensives from foreign technology powerhouses.
“A growing number of foreign firms have been keeping globally prominent local players in check amid heightened protectionism and grim economic conditions,” said Lee Won-hee, a researcher at Samsung Economic Research Institute.
“While (overseas firms) pushed for anti-dumping tariffs in the past, they are now beefing up patent attacks on IT companies.”
21-08-2012
By Kim Yon-se
Source: The Korea Herald
By Kim Yon-se
Source: The Korea Herald
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