[Featured Stock] "No Patent Infringement"... SK Innovation Rebounds Successfully with 10%↑

[Asia Economy Reporter Lee Seon-ae] SK Innovation's stock price rebounded after a decision was made that it did not infringe on patents related to battery separators, which were alleged by LG Energy Solution.

As of 9:14 a.m. on the 1st, SK Innovation's stock price recorded 241,500 KRW, up 10.05% from the previous day.

This was influenced by the preliminary decision from the International Trade Commission (ITC) regarding the battery patent infringement case filed by LG Energy Solution against SK Innovation, in which the ITC sided with SK Innovation this time.

The U.S. ITC announced on the 31st of last month (local time) that SK Innovation did not infringe on patents related to battery separators, which were alleged by LG Energy Solution.

LG Energy Solution (formerly LG Chem) filed a lawsuit with the ITC in September 2019, claiming that SK Innovation infringed on four U.S. patents, including three related to battery separators and one related to cathode materials. This case stemmed from the recent battery trade secret infringement lawsuit, which ended in LG's favor. The ITC recognized the validity of the SRS 517 patent related to separator coating but decided that SK Innovation did not infringe on the patent. The ITC judged that the remaining three patents were invalid.

As SK Innovation successfully defended itself in this patent infringement dispute, attention is focused on whether this will also affect the ongoing negotiations between the two companies regarding trade secret infringement.

This content was produced with the assistance of AI translation services.