The US International Trade Commission on Thursday published the agency's findings following its two-year investigation into SK Innovation's unfair trade practices, concluding that it misappropriated 22 of LG Energy Solution's trade secrets worth billions of dollars spanning the entire electric vehicle battery business.
Korea s SK Plans $16.5bn Investment in Hydrogen
South Korea’s SK Holding, part of SK Group, will invest won 18.5 trillion ($16.5bn) over the next five years to develop a hydrogen production-distribution-consumption ecosystem, it said on March 2.
As part of the plan, it will invest won 500bn to develop a hydrogen-based fuel cell power plant by 2023 in Incheon, with a capacity of 30,000 metric tons (mt)/year of liquid hydrogen. This facility will use hydrogen recycled from the petrochemicals manufactured at the nearby plant.
SK Holdings will also invest won 5.3 trillion to develop a facility to produce 250,000 mt/year of hydrogen from LNG.
SK Innovation CEOs extend warmth to senior citizens
Posted : 2021-03-01 15:04
Updated : 2021-03-01 15:23
Left: SK Global Chemical CEO Na Kyung-soo poses on the right with an elderly citizen and a company employee after visiting her home in western Seoul, Friday. Right: SK Lubricants CEO Cha Gyu-tak, left, hands over masks and other supplies to an elderly woman in central Seoul, Friday. Courtesy of SK Innovation
By Kim Bo-eun
Chiefs of SK Innovation s affiliates visited senior citizens living alone last Friday to hand out meals and face masks.
SK Innovation said Monday that SK Global Chemical CEO Na Kyung-soo and SK Lubricants CEO Cha Gyu-tak, along with their employees, visited 59 households in Seoul.
06-01-2020
Automaker Ford is calling on South Korean battery manufacturer LG Chem to settle a dispute with one of its key suppliers, SK Innovation.
Earlier this month, LG Chem won a key ruling at the US International Trade Commission (ITC), which found that SK Innovation had violated its rival’s patents, and ordered an import ban.
But the ruling did allow customers such as Ford a grace period to find alternative suppliers. The Detroit-based automaker’s CEO took to Twitter to call for a voluntary settlement between both parties.
“While we’re pleased the ITC ruling makes way for Ford to bring to market our groundbreaking electric F-150, a voluntary settlement between these two suppliers is ultimately in the best interest of US manufacturers and workers,” Jim Farley wrote.