WP, “Stop construction of SK Georgia plant damages US companies”
“Biden, if ITC gives LG a hand, it can be reversed”
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LG Energy Solution Department SK innovation (096770) While the final result of the lawsuit for infringing battery trade secrets between Ganja is scheduled to come out on the 10th (local time), it was mentioned that even if LG wins, US President Joe Biden can exercise the veto.
The Washington Post (WP) on the 6th (local time) said, “SK Group is making the largest foreign investment in Georgia’s history ($2.6 billion) to build a battery plant.” “LG says that SK infringes its intellectual property rights. It filed a lawsuit against the International Trade Commission (ITC) saying that (if SK loses), Ford’s pickup truck’F-150′ and Volkswagen, which produces electric vehicles in Tennessee, could be hit.”
If the ITC decides SK’s final defeat, SK Innovation’s battery cells and modules and other components will not be imported into the US. In this case, it becomes impossible to produce the battery in the US factory.
WP believes that this could directly damage US companies such as Ford that use SK batteries. WP said, “If ITC gives LG’s hand, President Biden can reverse that decision.” So far, there have been five cases where the president overturned the ITC’s decision. Lastly, the former President Obama disputed Apple and Samsung. When it came out,” he explained.
This is because President Biden puts the first goal of rebuilding the middle class and putting job creation first. It could also adversely affect the government’s initiative to respond to climate change through the supply of electric vehicles. Transportation Minister Pete Bootyji said at the end of last year, “we have to have millions of electric cars on the road.” “This ruling is related to the Biden government’s jobs, global warming response, high technology and manufacturing policies,” said Daniel Spiegel, vice chairman of SK’s legal representative, Covington & Burling, to the WP.
However, there is a view that the situation is different as this case is related to the infringement of trade secrets. The President must decide whether to exercise the veto within 60 days after the final ITC decision. The official position of the White House is unknown.
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/New York = Correspondent Kim Young-pil [email protected]
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