TAKING A FIRM STANCE ON PATENT INFRINGEMENT

In the world of technology, intellectual property (IP) is one of the most valuable assets of a company. Patents, the legal proof of IP, can cost a company hundreds of millions of dollars in R&D over many years and many man- and women-hours of work. But earning a patent is just the first step. A patent holder must also be willing to protect it from unauthorized use, often at great expense of money and time. Given that IP is the life’s work of many of its engineers and scientists, LG has adopted an aggressive strategy to protect the inventions and discoveries of its employees.