SK makes last-minute attempt to overturn import ban in US

Korea Herald ^ | 02 Mar 2021 | Kim Byung-wook

[blueplum]

SK Innovation has asked the US president to intervene in its battery patent fight with LG Energy Solution, saying it might have to “abandon” a $2.6 billion production base in Georgia after its defeat last month in the top US trade court.

Making a case for a presidential veto of the court decision, the South Korean firm gave a presentation to US government officials, which the Wall Street Journal reported underscored that the Georgia plant will create 2,600 new jobs and contained so far undisclosed plans to expand the complex by investing another $2.4 billion, which would create an additional 3,400 jobs by 2025.

SK is pinning hopes on the White House to salvage its US business after the US International Trade Commission, in its final ruling on Feb. 10, imposed a 10-year ban on the firm’s import of lithium-ion battery products to the US, saying that SK had stolen trade secrets from LG.

The punishment, which has a grace period of up to 4 years, would derail the operation of SK’s two battery factories under construction in Georgia.

By law, President Joe Biden and the United States Trade Representative have 60 days to review the case and decide whether to veto the USITC decision.

[blueplum]

Bloomberg has a similar story but copyright, etc.

Bottom line is, SK ws accused of blatant destruction of documents in a lawsuit claiming SK stole significant trade secrets from LG.

The ITC imposed a 10-year ban on SK EV batteries, saying that it would have taken SK 10 years to develop the technology on their own.

SK and Korea are pushing Biden to disregard the crime, because it might harm EV development/supply to American automakers.

[Navy Patriot]

Apparently both SK and LG are South Korean owned/controlled so it comes down to whom has contributed most to the DNC.

[virgil]

Is LG Chinese?

[Cold Heart]

2600 jobs, heck Biden got rid of 11,000 at the stroke of a pen.

[Reaganez]

No. LG is South Korean.

[snuffy smiff]

Bottom line is, SK ws accused of blatant destruction of documents in a lawsuit claiming SK stole significant trade secrets from LG.

And that ain't all SK has been accused of and has been caught doing. The ICE caught a bunch of undocumented south Korean construction workers being flown into Atlanta after several hundred others were already working at the new plant. SK promised to employ a certain amount of American workers and they have yet to live up to it. SK lobbied for a huge amount of tax breaks and got them from the county and state.
I knew the commie north Koreans were scumbags but didn't think the south Koreans were just as bad. I expect a big payoff to pedo joe will get them every thing they want...

[Tolerance Sucks Rocks]

Well, too bad they weren’t China. Then they would have been let right in!

[TigersEye]

I expect a big payoff to pedo joe will get them every thing they want...

I think you just gave the current State of the Union so Pedo Joe can relax and go play Mario Kart with his granddaughter.

[jmacusa]

Older South Koreans appreciate what America did for them 70 years ago. The younger generation hates us.