SK Inno “LG Ensol’s request for battery litigation settlement fund is unacceptable”

“ITC (SK Innovation’s) did not determine the facts about the infringement of trade secrets due to the lack of document management. It is unacceptable to the demands of competitors that significantly lower business competitiveness.”

On the 26th, SK Innovation held a regular shareholders’ meeting and expressed this position. On this day, due to the overseas business trip of SK Innovation CEO Kim Joon, the chairman’s greeting was replaced by Lee Myung-young. As the deadline for exercising the US presidential veto against the US International Trade Commission (ITC)’s ruling on the infringement of trade secrets of LG-SK rechargeable batteries approaches on the 10th of next month (local time), Representative Kim has left for the US

In the meantime, LG Energy Solutions suggested that if SK agrees, the two companies should directly check the evidence related to the trade secret list specified in the ruling. In the meantime, LG will clearly present a request for SK Innovation to clarify in detail what kind of trade secret LG has infringed. “I am very sorry for the fact that ITC has cited dubious arguments from competitors in the context of acknowledging that it is not clear what trade secrets are,” said Lee. It is impossible to accept the demands of competitors at a lower level,” he stressed.

Currently, the battery lawsuits of the two companies are gradually shifting to a’gangdaegang’ composition.

On this day, LG Energy Solutions said, “Do not argue any more, and let the two companies directly check the trade secret list and evidence specified in the ruling.” Will” said. Evidence can be checked only by representatives (lawyers) of both companies at present, but if both companies agree, it can be checked directly.

Meanwhile, it is reported that Dongmyeong Kim, head of the automotive battery division of LG Energy Solutions (Vice President), recently left for Germany to meet key personnel of Volkswagen. Analysts say that Volkswagen has responded by declaring that it will adopt a prismatic battery through’Power Day’. An official in the business world said, “Amid the constant global battery issue, the movement of domestic battery executives has also become busy.”

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