Conflicting stock prices in the final decision on ITC litigation… SK Innovation declines, LG Chem rises

Input 2021.02.15 09:18

In connection with the lawsuit for infringement of electric vehicle battery trade secret, LG Chem (051910)and SK innovation (096770)Stock prices are mixed at the beginning of the market on the 15th.

As of 9:14 am that day, LG Chem is trading at 988,000 won in the securities market, up 2.92% from the previous trading day. At one time during the week, it rose to 1,010,000 won. On the other hand, SK Innovation is trading at 278,000 won, down 6.24%.

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Earlier, on the 10th (local time), the US International Trade Commission (ITC) raised the hands of LG in a dispute between LG Energy Solutions (formerly LG Chem’s battery business unit) and SK Innovation infringing battery trade secrets. TC reported that SK Innovation’s battery cells, modules, packs, and related parts and materials violated Article 337 of the U.S. Customs Act (sanctions that deal with infringement of intellectual property rights, etc.) In the meantime, it ordered a ban on imports in the United States.

In a report on the 15th, Baek Young-chan, a researcher at KB Securities, said, “SK Innovation’s negative impact on the US battery business is inevitable due to the final ITC ruling in the US.” It is a necessary situation.” He said, “As the likelihood of an agreement between the two companies has increased, the uncertainty related to the lawsuit has rather decreased.”

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