Biden's stance against China's IP abuses impacting LG-SK tussle
By Kim Yoo-chul U.S. President Joe Biden is expected to review a final ruling by the United States International Trade Commission (USITC) in favor of LG Energy Solution (LGES) in a multi-billion dollar battle with Korean rival SK Innovation (SKI) over the alleged misappropriation of intellectual property on electric vehicle (EV) batteries. The USITC imposed the full 10-year ban requested by LGES on SKI. But the commission also granted SKI a "grace period" to supply batteries to Ford for four years and to Volkswagen for two years. That ruling will take effect if the U.S. president formally acc...
Source: koreatimes.co.kr