SK and LG Settle 2-one year Battery Dispute
SK and LG like reached a multi-billion settlement to remain a exact dispute in the U.S. that has dragged on for the last two years and threatened the long bound of a half-built SK battery factory there.SK Innovation can pay LG Vitality Resolution W1 trillion in money and one other W1 trillion in royalties (US$1=W1,121). The agreement came precise a day before U.S. President Joe Biden used to be to think on vetoing a ruling by the World Substitute Commission that bans SK from importing rechargeable automobile batteries into the U.S. for 10 years. The settlement successfully voids the ITC's ruling and enables SK to continue constructing the battery factory in the U.S. insist of Georgia.The 2 firms in a joint commentary on Sunday talked about they "w...