SK Innovation mulling over whether to object to U.S. interim ruling
SEOUL, March 3 (Yonhap) -- SK Innovation Co., a major energy and chemical company in South Korea, is considering whether to present its objections to a recent U.S. panel's preliminary ruling in favor of its local rival LG Chem Ltd. over their electric vehicle (EV) battery trade secret case, a company official said Tuesday.
The deadline is March 3 (U.S. time), the official said. The objection is a customary procedure asking the U.S. International Trade Commission (ITC) to reconsider its ruling.
The move came more than two weeks after the commission made a preliminary ruling in favor of LG Chem.
LG Chem has said the preliminary ruling means that the ITC accepted LG Chem's claims and made a default judgment without having additional hearings or investigations.
In November, LG Chem asked the ITC to make an early decision on the case and recognize that SK Innovation had misappropriated and used its EV battery trade secrets.
LG Chem claimed that SK Innovation had spoiled evidence in the case and is guilty of civil contempt, saying that its local rival did not follow the ITC's digital forensics orders.
The ITC is set to give its final ruling no later than Oct. 5.
LG Chem and SK Innovation have been at loggerheads over EV battery-related trade secrets since last year, filing multiple lawsuits in the United States and South Korea.
Both sides hinted at a settlement following the ITC decision, with LG Chem saying the door to dialogue is open. SK Innovation said that although it competes with LG Chem, it also thinks of the rival company as a partner with which it can foster the industry.
entropy@yna.co.kr
(END)
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
Ateez to drop new Japanese EP next week
-
(2nd LD) N. Korea still unresponsive to S. Korea's outreach for talks on COVID-19: official
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
Hyundai Motor to invest US$5 bln in U.S. for robotics, autonomous driving development
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Yoon, PPP lawmakers travel to Gwangju en masse to commemorate 1980 democracy uprising
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
Chinese people purchase nearly 7,000 buildings in S. Korea in 2021
-
Biden says he and Yoon 'married up'
-
With historic Golden Boot, Son Heung-min cements case as greatest S. Korean footballer ever
-
U.S. not considering adding S. Korea to Quad: official
-
(2nd LD) Yoon, Biden tout alliance during visit to Air Force operations center