Disputes between LG Chem and SK Innovation

The dispute between LG Chem and SK Innovation, one of Korea's leading battery makers is on the rise. The two companies are currently in a dispute over a battle for battery-related core manpower. SK Innovation has contradicted against LG Chem, saying that they’re ready to take the legal action, and the dispute between the two companies is spreading as a fight.

lgchem.com

The dispute that started with LG Chem's lawsuit,

The dispute began in the US by filing a lawsuit, LG Chem claimed that SK Innovation violated LG Chem’s battery-related trade secrets. LG Chem claims that SK Innovation has stripped about 70 key employees of LG Chem from 2017. LG Chem said that the job application for the SK Innovation’s recruitment application included details of the project in the previous job and the name of the co-worker.

skinnovation.com

Refuting against each other,

SK Innovation said that it is only a form of proof of career documents that is commonly used, and that filing a petition in a foreign country for legitimate business activities of the company is concerned about damage to national interests. LG Chem then reiterated that it would be a national interest to protect the core technology and intellectual property rights secured by research and investment, and that no company would make a bold investment if latecomers were allowed to use their trade secrets . In addition, it is not always routine to ask for the results of collaborative work and researchers' information on personal affairs with regard to the application documents.

pixabay.com

Increasing disputes between two companies,

Meanwhile, SK Innovation said that LG Chem's business secrets are not needed because it SK Innovation has secured the world's best technology through its own research and development. As a result of these two companies' lawsuits, refutations, re-refutations and rebuttal of materials, the gap between the two companies gradually increased, and the likelihood of a full-scale war was heightened. However, as the two companies are Korea's representatives for energy, hopefully that they will be resolved smoothly so as not to cause unfortunate events that would reduce the competitiveness of the country due to the exhaustion of the enterprises.