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Published 3 years ago

SK Innovation reaches W2tr settlement in battery row with LG Energy Solution

Summary by The Korea Herald
South Korean battery rivals LG Energy Solution and SK Innovation reached a 2 trillion won ($1.78 billion) settlement in their two-year-long legal dispute over battery technologies, the two companies announced Sunday. SK will pay 1 trillion won in cash and 1 trillion in royalties to the rival as compensation for its theft of lithium-ion battery technologies. LG, in exchange, will drop all legal action against SK bot...

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