LG has as much to gain from its open innovation drive as Korea’s SMEs 13 Feb 15
LG Group – one of South Korea’s largest chaebol (conglomerates) and parent of companies including LG Electronics, LG Chem and LG Display, among others – announced last week that it would ‘open up’ part of its patent portfolio for use by third parties. The move follows similar widely publicised actions taken by Tesla Motors and Toyota in recent months.
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