Prime Minister Jeong Se-gyun said at the Broadcast Reporters Club’s debate on the 28th that LG Energy Solutions and SK Innovation, which are in a’battery dispute’, “solve quickly”. yunhap news
Prime Minister Jeong Sye-gyun urged, “Both companies should resolve the battery dispute between LG Energy Solution and SK Innovation as soon as possible.” Prime Minister Chung replied, “If the government is willing to go directly to a lawsuit between LG and SK” at the Korean Broadcasting Reporters Club Invitational Debate held at the Korean Artists Center in Seoul on the 28th.
Prime Minister Chung said, “LG and SK have been litigating for 3 years, and the litigation cost is said to have reached hundreds of billions of won. Not only is it economical, but if the two companies fight, they will only do good things,” he said. . ‘South’ can be interpreted as referring to China and Japan competing for the global battery market with Korea. Korea, China, and Japan are dividing the global battery market into three.
Prime Minister Jung said, “The US politics also said,’Please go ahead and solve it quickly.'” He added, “We hope that we will not fight over small pies, but actively enter the global market.”
Since 2019, LG Energy Solutions and SK Innovation have been struggling with the U.S. International Trade Commission (ITC) over the infringement of battery trade secret patents. LG Energy Solutions filed a lawsuit that SK Innovation took an employee from LG and removed the technology it had secured. Since then, SK Innovation filed a counter lawsuit stating that there was no technology leakage due to voluntary turnover. Previously, in February last year, ITC raised the hand of LG Energy Solutions in a preliminary judgment, but SK Innovation has raised an objection. The final judgment comes out on the 10th of next month.
After Prime Minister Chung’s remarks, LG Energy Solutions said, “We are doing our best to reach an agreement before (ITC’s) final decision, and we are actively working to resolve the issue.” But I look forward to any suggestions to discuss.”
SK Innovation issued a statement under the name of the CEO of the battery business, Ji Dong-seop. CEO Ji said, “Even though we have been sincerely engaged in all the litigation processes so far, we are very sorry to the people for not being able to resolve them smoothly,” he said. . He added, “Recognizing public concerns, we will have a cooperative and constructive dialogue with counterparts in the dispute,” he said. “We will try to make K Battery contribute to the development of the national economy and industrial ecosystem.”
Even before Prime Minister Chung’s remarks, the two companies took the position that’there is room for agreement’ before the final decision. However, it is known that the difference of opinion cannot be narrowed over the size of the settlement fund.
Reporter Kim Young-joo [email protected]