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According to foreign media reports, LG Electronics has been studying how to make use of relevant patents since it withdrew from the smartphone business in 2021. Now, LG Electronics plans to license patents related to its smartphone and mobile technology.


It is reported that LG Electronics owns more than 20, 000 patents related to mobile communication technologies such as 4G, 5G and Wi-Fi, and the annual maintenance cost is as high as 20 billion won.


LG Electronics announced last month that it plans to start a patent licensing business, the source said.

In addition to granting patents on its own, LG Electronics also plans to transfer some patents to subsidiaries in the event of patent lawsuits in the future.

In addition, LG Electronics is considering selling its patents to other non-practicing entities, but this will involve providing compensation to employees with invention patents.