SEOUL, March 26 (Korea Bizwire) — SK Innovation Co. won’t accept LG Energy Solution Ltd.’s excessive demand to settle its battery lawsuit in the United States and will continue to make efforts to resolve legal issues, a senior company official said Friday. The refinery-and-battery unit of SK Group expressed regret over the U.S. International Trade [...]
SEOUL, March 25 (Korea Bizwire) — LG Chem Ltd. will sternly handle the legal dispute with SK Innovation Co. to receive “reasonable” and “proportionate” compensation for the damage caused by the local rival’s trade secret misappropriation of its battery technology, its CEO said Thursday. Shin Hak-cheol, CEO of LG Chem, which wholly owns the battery [...]
SEOUL, March 14 (Korea Bizwire) – SK global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid [...]
SEOUL, March 13 (Korea Bizwire) — Georgia Gov. Brian Kemp has asked U.S. President Joe Biden to overturn a U.S. trade panel’s decision against SK Innovation Co. in a trade secret case over electric vehicle (EV) batteries. Kemp repeated his request to save thousands of jobs in northeast Georgia directly tied to an SK Innovation’s [...]
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 [...]