SEOUL, Sept. 27 (Korea Bizwire) — The U.S. International Trade Commission (ITC) has voiced support for LG Chem Ltd.’s call for sanctions on its rival SK Innovation Co. in connection with a legal dispute over battery patents, LG Chem said Sunday. In response to LG Chem’s request for the issuance of an order sanctioning SK [...]
SEOUL, Sept. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday that the initial public offering (IPO) of its planned spin-off battery business unit could take about a year as it seeks ways to strengthen its leading position in the market. LG Chem on Thursday decided to spin off its [...]
SEOUL, Sept. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday that it has decided to spin off its battery business in a move to further boost its leading position in the sector amid growing demand for electric vehicle (EV) batteries. The new entity — tentatively called LG Energy Solutions [...]
SEOUL, Sept. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, will hold a board meeting this week to discuss a spinoff of its battery business, people familiar with the matter said Wednesday. LG Chem could finalize its decision on the issue in an emergency board meeting on Thursday, they said. The [...]
SEOUL, Sept. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, announced on Thursday that the unmanned aerial vehicle (UAV) EAV-3, powered by the company’s next-generation lithium-sulfur (Li-S) battery, set a new altitude record for South Korea. The EAV-3 is a solar-powered UAV developed by the Korea Aerospace Research Institute and powered [...]
SEOUL, Sept. 4 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, denied Friday that it destroyed documents related to an EV battery patent case in the latest tit-for-tat ahead of a crucial verdict in the United States. SK Innovation claimed it developed the 994 patent, while LG Chem [...]
SEOUL, Sept. 2 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, became the largest supplier of electric vehicle (EV) batteries in the first seven months of this year, data showed Tuesday. Based on the global usage of EV batteries, LG Chem’s market share stood at 25.1 percent in the January-July period, compared [...]
SEOUL, Sept. 2 (Korea Bizwire) – LG Chem Ltd. has filed a motion with a U.S. trade panel, seeking the issuance of an order sanctioning its rival SK Innovation Co. ahead of a crucial verdict over their electric vehicle (EV) battery patent case. LG Chem claimed that SK Innovation destroyed “highly relevant evidence” after its [...]
SEOUL, Aug. 27 (Korea Bizwire) — A Seoul court on Thursday ruled in favor of LG Chem Ltd. against its rival SK Innovation Co. in an electric vehicle (EV) battery patent case. The Seoul Central District Court turned down a civil lawsuit as well as damage compensation filed by SK Innovation against LG Chem in [...]
SEOUL, Aug. 24 (Korea Bizwire) – Malaysia’s Petronas Chemicals said Monday it has signed a deal with South Korean chemical giant LG Chem to build a latex plant in Malaysia in a move to meet growing demand for nitrile gloves amid the COVID-19 pandemic. The construction of a nitrile butadiene latex (NBL) manufacturing plant will [...]