- SK to settle over EV battery dispute with LG by paying $1.78 billion.
- The U.S. ITC sided with LG in a trade secret case and had issued a 10-year import ban on SK.
- The settlement now averts the import ban that was initially issued.
- SK Innovation will pay 1 trillion won in cash and 1 trillion won in royalties.
On Sunday, SK Innovation Co. rep....
Tags : SK INNOVATION CO., LG ENERGY SOLUTION LTD., U.S INTERNATIONAL TRADE COMMISSION, ITC, TRADE SECRET LITIGATION, SEOUL GOVERNMENT, FORD, VOLKSWAGEN,