UPDATED. 2024-04-24 08:46 (수)
Seoul voices disapproval for battery war between LG-SK
Seoul voices disapproval for battery war between LG-SK
  • Stan Lee
  • 승인 2019.09.10 06:48
  • 댓글 0
이 기사를 공유합니다

Minister hints at intervention

The South Korean government has indicated that it might intervene in the legal dispute between LG Chem and SK Innovation over electric car battery patents, saying it was “inappropriate” for local companies to file suits against each other in foreign courts, according to industry sources on Sept. 9.

Minister of Trade, Industry and Energy Sung Yoon-mo said at a recent parliamentary SME committee meeting that instead of letting the firms fight in an offshore court, the government would do its best to try and find a more productive solution.

His remarks were to answer questions from committee chairman Lee Jong-koo on whether the minister is willing to intervene.

This is the first time the government publicly spoke up on the issue.

Critics, however, believe it’s inappropriate for the ministry to intervene, especially when it was the Trade Ministry that helped LG file the suit with the International Trade Commission by allowing permission for exporting key battery technology. Other sources also pointed out it won’t be easy to resolve the issue.

In June this year, the deputy trade minister called in executives at both LG Chem and SK Innovation to try and strike a truce, but sources close to the matter say LG was too keen on the lawsuit and wouldn’t back down.

Two months earlier in April, LG Chem filed a pair of lawsuits with the ITC and a US court against SK Innovation for allegedly stealing confidential business information through employee poaching regarding the batteries that SK Innovation's EV batteries supplied to Volkswagen. The LG unit is demanding SK to issue an apology and to compensate for the damages.

On Sept. 3, SK Innovation countersued by filing patent infringement lawsuits against LG Chem in the US to ban the sale of LG's electric vehicle (EV) batteries.

SK Group previously attempted to arrange a meeting between the two group owners, but LG reportedly refused.

One source said the government may not stand by and watch if the lawsuit ends up undermining the local battery sector.

The Elec is South Korea’s No.1 tech news platform.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr