SK Innovation says LG offer to resolve dispute needs to protect U.S. business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

South Korean battery maker SK Innovation Co Ltd said on Thursday it will not accept any proposal by rival LG Energy Solution to resolve a U.S. legal feud that would cripple SK's business in that country.

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo

SK Innovation and LG Chem’s wholly-owned battery division LG Energy Solution have been locked in a dispute over claims SK misappropriated trade secrets related to electric vehicle battery technology. SK has received proposed terms, including financial reparations, from LG for a settlement, a person familiar with the situation told Reuters.

The ITC ruling against SK, which supplies electric car batteries to Volkswagen, Ford Motor Co and Hyundai Motor Co among others, can also be overturned by U.S. President Joe Biden.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Genocide In Myanmar

Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisaMakT for transparency and trust.

전남편의 성기절단사건 평생을 맞고 살아서----한국의 상당수 집안 인듯 부산---지명에 치중하는 대표적 사건인듯 옛 여자들의 순수성인듯 현대의 한국여성들 -이혼--남자들 성격도 옛보다 나쁜듯-옛 상것이라는 부류들 수작인듯

good luck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines