SEOUL, March 11 (Korea Bizwire) — LG Energy Solution Ltd. and SK Innovation Co. — South Korea’s top two battery makers — have discussed ways to resolve a trade secret lawsuit in the United States, but they failed to narrow their differences over the amount of settlement, industry sources said Thursday. On Feb. 10, the [...]
SEOUL, March 7 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Sunday it will sell its stake in U.S. shale oil mines to a local glycerin company as part of its business reorganization strategy. SK Innovation said its U.S. affiliate SK E&P America will finalize the deal this month to sell its [...]
SEOUL, March 5 (Korea Bizwire) — A U.S. trade panel has said SK Innovation Co. misappropriated trade secrets of its South Korean rival LG Energy Solution Ltd. for its development of electric vehicle (EV) batteries, in a decision that could jeopardize SK Innovation’s battery businesses in the United States. The U.S. International Trade Commission (ITC) [...]
WASHINGTON/SEOUL, Feb. 10 (Korea Bizwire) — A U.S. trade panel on Wednesday ruled in favor of South Korean battery maker LG Energy Solution Ltd. in a trade secret case and issued a 10-year import ban on some lithium-ion battery products by SK Innovation Co. The U.S. International Trade Commission (ITC) affirmed a preliminary ruling delivered [...]
SEOUL, Feb. 11 (Korea Bizwire) — An eco-friendly egg tray made by Marine Innovation Co., a social venture supported by SK Innovation Co., a South Korean refinery-to-battery company, was recently honored at the 2021 WorldStar Global Packaging Awards. The WorldStar Global Packaging Awards are held annually by the World Packaging Organization (WPO) to promote the [...]
SEOUL, Jan. 29 (Korea Bizwire) – SK Innovation Co. said Friday it turned to the red in 2020 on heavy losses from its refinery business hit by the COVID-19 pandemic but plans to expand investment to increase production of electric vehicle batteries. South Korea’s top refiner said it posted 2.2 trillion won (US$2 billion) in [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]
SEOUL, Jan. 21 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Thursday it has invested in a Chinese battery swap system provider to step up its battery business in the world’s largest market. SK Innovation said it acquired a 13.3 percent stake in Blue Park Smart Energy Technology Co. (BPSE), a [...]
SEOUL, Jan. 6 (Korea Bizwire) – SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won (US$1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm’s U.S. subsidiary, will issue the green bond, [...]
SEOUL, Dec. 25 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, plans to live broadcast its 2021 New Year’s sunrise event through YouTube in accordance with the government’s special anti-COVID-19 measures. The company said it will use YouTube to live broadcast the New Year’s sunrise viewed from its Ulsan Complex for about [...]