FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - South Korean battery maker SK Innovation Co Ltd said on Thursday it will not accept any proposal by rival LG Energy Solution to resolve a U.S. legal feud that would cripple SK’s business in that country.
SK Innovation and LG Chem’s wholly-owned battery division LG Energy Solution have been locked in a dispute over claims SK misappropriated trade secrets related to electric vehicle battery technology.
The U.S. International Trade Commission (ITC) last month sided with LG, issuing a limited 10-year exclusion order prohibiting imports into the United States of SK’s lithium-ion batteries. That ruling would become invalid if the two companies agree a settlement.
SK Innovation says LG offer to resolve dispute needs to protect U.S. business
