Posted : 2021-04-06 15:58 Updated : 2021-04-06 17:20 LG Science Park in western Seoul, where LG Innotek's headquarters is located. Courtesy of LG Innotek By Baek Byung-yeul LG Innotek CEO Jeong Cheol-dong / Courtesy of LG InnotekLG Innotek has built a patent analysis system based on artificial intelligence (AI) technology, as part of its bid to map out its research and development (R&D) direction better, the electronics parts affiliate of LG Group said Tuesday. Companies generally collect and analyze patent information to decide how they will develop new products or new technologies. Through their patent analysis systems, companies check to see that there is no similarity between their products or technologies and existing ones, for the purposes of protecting intellectual property and avoiding possible risks.