Yesterday, news emerged that President Obama had overridden a patent decision and would allow all Apple mobile phones and other devices to be sold within the country.
The judgement by the US International Trade Commission said that certain Apple products infringed on a patent held by Samsung and therefore it recommended that these devices were banned.
It has now emerged that Samsung's company value has been cut by more than $1 billion (AU$1.12b) due to President Obama's decision. However, Samsung has support from its home government.
“We express concerns about the negative impact that such a decision would have on the protection of patent rights,” the South Korean Ministry of Trade, Industry & Energy said in a statement which was reported on ZDNet.
The South Korean Ministry plans to keep an eye on the US this week as numerous bans are pending concerning Samsung. It is expected that if the bans are carried out, Samsung would look to get a similar veto from its government to override the decision.
Posted by Peter Robinson