'Win-win' battery deal
LG, SK should play fair to lead market together LG Energy Solution and SK Innovation agreed Sunday to settle a dispute over the theft of trade secrets, ending the two-year-long legal battle. The agreement is welcome, though belated. It will benefit all relevant parties, including the respective Korean companies. It is also a win for the U.S. administration of President Joe Biden. The two firms have decided to drop all lawsuits here and abroad and not to file other suits for the next 10 years. According to the deal, SK will pay a settlement of 2 trillion won ($1.78 billion) ― 1 trillion won ...