The future of a northeast Georgia factory is in jeopardy amid findings by the International Trade Commission. The federal agency has ruled that the South Korea-based SK Innovation corporation stole trade secrets from LG Energy Solutions, which first brought the accusations forward in 2019. SK Innovation was handed a 10-year ban on importing lithium-ion battery products to the United States.
SK Innovation is in the middle of building a multi-billion-dollar facility near Jefferson, one that could create more than two thousand jobs in Jackson County.
“It’s difficult to say SK Innovation’s theft of LG Energy Solution’s technology and the damages it has inflicted are confined to the US region. LG Energy Solution believes such damages occurred in Europe, Korea and other countries,” said Han Woong-jae, head of legal affairs at LG Energy Solution, during a conference call hours after the USITC decision.
“Whether LG Energy Solution will file lawsuits in other regions depends entirely on the attitude of SK Innovation.”
Cox Media Group
