SK Securities “Positive in the scenario of securing compensation and opportunities to expand market share in the US”
Samsung Securities “SK Innovation also has no problem with its mid- to long-term vision… an opportunity to buy when the stock price is adjusted”
viewer
LG Chem (051910)and SK innovation (096770)Investors are drawing attention on the direction of the stock prices of both companies as LG Chem has completely won the lawsuit for’infringement of rechargeable battery trade secrets’. Stock market experts predict that this ruling will lead to an active agreement between the two companies rather than continuing the litigation battle, and in particular, it is predicting that it will serve as an overall good news for LG Chem.
On the 15th, SK Securities researcher Park Han-sam accepted the argument from LG Chem that the US International Trade Commission (ITC) infringed on LG Chem’s trade secrets and made a final decision to ban SK innovation products from importing from the US for 10 years. Regarding the situation, he analyzed that “this ruling is positive for LG Chem in all aspects.” Researcher Park said, “If Ford and Volkswagen switch supply to other battery companies with this measure, major top-tier battery companies such as LG Chem, CATL, and Samsung SDI are expected to benefit.” It is positive in all aspects, including the opportunity to expand my market share and the scenario for securing compensation.” He added, however, that LG Chem should watch a little bit about the share price rise. Researcher Park said, “Even in the ITC results on the 10th, the stock price volatility of (competitive company) Panasonic and global battery-related ETFs was limited to below 1%.” In addition, the uncertainty in the recall of the recent Kona fire will weigh on LG Chem stock I said.
Earlier, LG Chem and SK Innovation have been carrying out a lawsuit extended to battery patent infringement lawsuits and battery patent invalidation lawsuits that began in the case of infringement of trade secrets related to manpower outflow. Although this ruling concluded on the infringement of trade secrets, the battery-related patent infringement lawsuit filed with ITC is still in progress. ITC accepted LG Chem’s allegation in the lawsuit for infringing trade secrets and decided to order SK Innovation to ban imports from the United States for 10 years. It takes effect 60 days from the date of the decision, and import ban includes all raw materials required for battery production, battery finished products, cell modules, and packs.
The decision is clear enough to be expressed as SK Innovation’s complete defeat, and experts predict that the two companies will proceed with active negotiations for an agreement rather than continuing a litigation battle that costs hundreds of billions of dollars. And it is also predicted that it will be a win-win for both companies if it reaches an appropriate level of negotiation. Hyun-Ryeol Cho, a researcher at Samsung Securities, said, “Considering the lawsuit costs of hundreds of billions of billion won by the two companies each year, the agreement between the two companies will be the ultimate solution.” “(For SK Innovation) We expect to be able to draw an agreement with the cash that will be made.” According to the media, the two companies are expected to reach an agreement with at least 2 trillion won in compensation.
Researcher Cho added that if an agreement is reached on SK Innovation, it is negative in the short term, but concerns about the continuity of the mid- to long-term business are limited. Researcher Cho said, “In particular, the governor of Georgia, where the US plants 1 and 2 are being built, is concerned about the threat to 2,600 clean energy jobs and is demanding the US president to veto the final decision on ITC on the 12th. The production disruption in the US plant 1 is expected to be limited as imports are allowed for four years,” he said. “As concerns over mid- to long-term business are limited, it could be an opportunity to buy a stock price adjustment.”
/ Reporter Kim Kyung-mi [email protected]
< 저작권자 ⓒ 서울경제, 무단 전재 및 재배포 금지 >