May 8, 2021
Business News

LG Energy Solution Responds To USITC Evidence in SK Innovation Trade Secret Theft


WASHINGTON–()–The US International Trade Commission on Thursday published the agency’s findings following its two-year investigation into SK Innovation’s unfair trade practices, concluding that it misappropriated 22 of LG Energy Solution’s trade secrets worth billions of dollars spanning the entire electric vehicle battery business.

This public release follows the USITC’s orders last month blocking the importation, domestic production, and sale of SK batteries with certain exceptions to prevent job losses or any interruption or delay in the domestic supply chain. The exceptions were unprecedented and allow SK Innovation to continue to exploit the trade secrets it stole for a period of several more years.

“LG…



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