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[이데일리TV 이혜라 기자] On the 15th, EDaily TV’s Big Money Part 1’News in Issue’ dealt with the results of the US ITC (International Trade Commission) final decision on a lawsuit for infringement of trade secrets between LG Energy Solutions and SK Innovation.
According to Reuters, ITC made a final decision to admit LG’s allegations in the case of infringement of trade secrets filed against by LG Energy Solutions, a battery subsidiary, on the 10th (local time). Accordingly, ITC issued a limited exclusion order to SK to ban the import of some lithium-ion batteries for 10 years.
U.S. President Joe Biden will deliberate on whether or not it will hinder public interest until April 11th. If President Biden does not exercise his veto, the verdict is final. The industry expects that SK Innovation will actively express its willingness to agree as the damage caused by the loss is expected to be enormous.
What is the result of the’battery lawsuit’ between LG Energy Solution and SK Innovation?
-US ITC “SK Innovation Batteries Banned Imports for 10 Years in the US”
-Ford and Volkswagen import volume, partial suspension allowed
How long can the two companies agree?
-Deliberation and review of whether the judgment is appropriate for 60 days by President Biden… ‘Final confirmation’ when the veto is not exercised
-Expected to reach 3 trillion to 5 trillion won in settlement amount
-Hundreds of billions of billion won in litigation costs… Possibility of “proceeding for agreement”↑
What is the possibility of Biden’s veto?
-‘No’ precedent for exercising veto… Provision of grace period for imports such as Ford
-The appeal is not very good… SK Innovation seems to be aggressive in agreement
What are the scenarios, such as the possibility of mass production at the SK Innovation plant in Georgia, USA?
-SK Innovation is constructing two battery factories in Georgia
-Invested 3 trillion won, but mass production is unclear… Growing industry concerns
LG Chem and SK Innovation share price outlook and investment strategy?
-“The judgment proceeds as expected… There is no big change in investment perspective”
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