Home » Business » [특징주] ‘Battery Litigation’ LG Chem rises and SK Inno falls (total)

[특징주] ‘Battery Litigation’ LG Chem rises and SK Inno falls (total)

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Seoul LG and SK headquarters buildings

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(Seoul = Yonhap News) Reporter Kim A-ram = LG Chem wins lawsuit in infringement of electric vehicle battery trade secrets[051910]And defeated SK Innovation[096770]In the morning of the 15th, the direction of stock prices in Korea is mixed.

As of 9:40 am on the day, LG Chem is trading at 985,000 won in the securities market, up 2.60% from the previous trading day.

At the beginning of the market, it rose by more than 5% and climbed to 101 million won.

On the other hand, SK Innovation is trading at 280,500 won, down 5.40%.

On the 10th (local time), the US International Trade Commission (ITC) helped LG in a dispute between LG Energy Solutions (formerly LG Chem’s battery business unit) and SK Innovation infringing battery trade secrets.

In the case of infringement of trade secrets filed by LG Energy Solutions against SK Innovation, ITC made a final trial admitting LG’s allegations.

SK Securities researcher Park Han-sam explained, “The opportunity to expand US market share and the scenario of securing compensation according to the ITC ruling is positive for LG Chem.” “SK Innovation has inevitably disrupted US supply.”

The stock market predicted that the two companies are likely to go through the settlement process after the ITC decision.

Hwang Yoo-sik, a researcher at NH Investment & Securities, said, “Within 60 days of the ITC ruling, the President of the United States can exercise the veto power, but it is not very likely.” Prospects.”

Baek Young-chan, a researcher at KB Securities, said, “We expect the two companies to reach an agreement during the 60-day presidential deliberation period,” said “SK Innovation also needs an agreement for battery production and sales in the United States, even though it is regrettable with the ITC ruling did.

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