“LG-SK battery decision, policy impact analysis”

On the 3rd (local time), the nominee of the US Minister of Transportation announced that the US International Trade Commission (ITC) decision on the battery dispute between SK and LG will analyze the impact on eco-friendly transportation policies.

Earlier, on the 10th of last month, ITC accepted LG Energy Solutions’ claim that SK Innovation removed manpower and infringed trade secrets, and ordered SK to “prohibit imports from the United States for 10 years”.

U.S. Joe Biden’s administration’s transportation minister, Polly Trotenberg, attends a Senate hearing on the 3rd (local time) to hear questions. [게티이미지]

According to Reuters and others, at the US Senate approval hearing, Georgia Senator Rafael Warnock said, “The ITC decision is a serious threat to the operation of a Georgia plant under construction by SK Innovation with an investment of 2.6 billion dollars, and to 2,600 clean energy jobs.” did.

Accordingly, the nominee for the Ministry of Transportation’s “The Ministry of Transportation is already aware of the problem in the plant and will investigate the related problem closely.”

Currently, the state of Georgia is also requesting intervention, including the exercise of the president’s veto. This is in consideration of US President Joe Biden’s policy stance to supply electric vehicles and expand eco-friendly jobs. However, there has been no case of the US President exercising its veto over intellectual property infringement issues so far.

Graphic image of’LG vs. SK’ battery trade secret infringement lawsuit log.

Currently, the U.S. Trade Representative (USTR) is deliberating the report submitted by each company on the ITC decision. President Biden can decide whether to exercise the veto within 60 days of the ITC decision.

Reporter Kim Hong-bum [email protected]