Corporations Worldwide Join Hands to Battle Patent Trolls

Corporations Worldwide Join Hands to Battle Patent Trolls

[Businesses have declared war on indiscriminate patent infringement suits filed by so-called patent trolls, which seek to profit from patent disputes rather than manufacture products using their patents. Global technology giants such as Samsung Electronics, LG Electronics, Microsoft, and IBM are moving to create a joint fund to cope with patent trolls. They are also working to form a global network to share patents and relevant information. And the government plans to cooperate with local businesses to form a W20 billion (US$1=W1,185) fund by year's end to help them defend against patent suits.]