2021-03-06 SK Stole LG’s Battery Secrets – USITC

The US Trade Commission has said that SK has misappropriated 22 of LG’s battery secrets. The US will ban SK from importing for ten years. LG wanted to negotiate a settlement but SK is begging Pres. Biden to veto the decision. This is interesting because there is high demand for batteries for EVs and it’s good to have more manufacturing capacity. But SK should have licensed the technologies from LG so that they could share the IP. Corporate espionage!


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