The Seoul Central District Court turned down SK Innovation's civil lawsuit and damage compensation filed against LG Chem in an electric vehicle (EV) battery patent case filed in October.
SK Innovation's lawsuit stemmed from a complaint filed by LG Chem against it at the International Trade Commissions (ITC) in April 2019 for poaching talents and trade secrets.
SK Innovation demanded that LG Chem dropped the complaint and compensate 1 billion won in damages based on their 2014 agreement that they would not engage in a legal battle concerning a specific technology, patented under the registration No. 775,310 in Korea.
Meanwhile, LG Chem pointed out that it can settle a dispute with SK Innovation over their EV battery trade secret case in the US if SK Innovation offers a "reasonable level" of compensation based on an objective basis.
LG Chem added that the legal process in Korea and at the ITC were separate, a point accepted by the court in Seoul.
SK Innovation will appeal the ruling with the Seoul High Court.
LG Chem vowed to pursue two legal actions against SK Innovation in the US unless the latter shows a sincere attitude.
The US International Trade Commission is scheduled to hand its final ruling in October.


Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 



