Someone Is Trying to Trademark 'Samsung Coin.' It's Not Samsung

Someone in South Korea appears to be trying to take advantage of Samsung's blockchain efforts by nabbing the "Samsung Coin" trademark.

Jul 19, 2019 at 1:00 p.m. UTC
Updated Sep 13, 2021 at 11:12 a.m. UTC

Someone in South Korea appears to be trying to take advantage of Samsung's blockchain efforts by nabbing the "Samsung Coin" trademark.

According to filings with the Korean Intellectual Property Office (KIPO), an application to register the trademark in both English and Korean was submitted on July 10 by an individual called Kim Nam-jin.

The filing was made under categories related to computer programs, such as "downloadable electronic money computer program," "electronic money card," "electronic encryption device," and "IC card with electronic money function."

However, when contacted, a Samsung representative told CoinDesk that the tech giant was not behind the application.

"We don't work this way," they said.

While the trademark application does not specifically state whether it's related to blockchain or cryptocurrency, the filing follows CoinDesk's previous report that Samsung is developing its own blockchain using ethereum tech, and may eventually issue its own cryptocurrency, possibly called "Samsung Coin."

In a possible clue as to their motivation for the filing, the same individual has previously tried to lodge trademarks relating to cryptocurrency work by other major technology companies.

The KIPO database shows that Kim Nam-jin also filed an application on July 10 seeking to trademark "ThinQ Wallet."

However, on July 2, LG Electronics, also based in South Korea, filed trademark applications both in South Korea and in the U.S. for "ThinQ Wallet."

Based on the LG application details, the wallet would provide a variety of mobile services including "software platform for blockchain" and "mobile electronic wallet for cryptocurrency."

The "Samsung Coin" filing was initially covered by a few news sources that incorrectly indicated Samsung is applying for the trademark.

CoinDesk Korea's Shinjae Yoo assisted with reporting.

Seungjai Min, blockchain research team lead at Samsung SDS, via CoinDesk archives

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