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, July 21 (Korea Bizwire) — An affiliate of SK Innovation Co., South Korea’s major energy-chemical firm, has stepped into the market of materials for foldable phones. SK IE Technology Co. (SKIET) announced on Sunday that it will launch commercial production of flexible cover windows (FCW), a key material for flexible displays, at its plant [...]
SEOUL, June 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will invest another US$940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said. Georgia Gov. Brian P. Kemp said the new project is in addition to SK Innovation’s $1.67 billion [...]
SEOUL, June 16 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, overtook domestic rival Samsung SDI Co. to become the fifth-largest supplier of electric vehicle (EV) batteries for the first time, data showed Tuesday. Based on the global usage of EV batteries, SK Innovation’s market share stood at 3.5 percent [...]
SEOUL, May 10 (Korea Bizwire) — SK Energy Co. and SK Trading International Co. have donated 4,000 Korean-made coronavirus test kits to Myanmar, the two firms’ parent company said Sunday. The test kits worth about US$50,000 arrived in Myanmar’s commercial capital of Yangon on Saturday, said SK Innovation Co., South Korea’s biggest refiner by sales. [...]
SEOUL, April 28 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Tuesday that it will invest US$727 million in building its second electric vehicle (EV) battery plant in the United States. The investment in SK Battery America, which is wholly owned by SK Innovation, is meant to further boost [...]
SEOUL, April 20 (Korea Bizwire) — SK Innovation Co., a major energy and chemical company in South Korea, said Monday that it will supply electric vehicle (EV) batteries to its Chinese partner, Beijing Automotive Group (BAIC Group). BAIC’s MARK 5, set to be released in the second half of this year, will be powered by [...]
SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]
SEOUL, Feb. 9 (Korea Bizwire) — SK Lubricants Co., an affiliate of refiner SK Innovation Co., said Sunday it has made a stake investment in a Vietnamese lubricants company for an expansion into Asian markets. SK Lubricants signed a deal to acquire a 49 percent stake in Mekong, Vietnam’s biggest lubricants company, on Friday to [...]