LG Energy Solution "Various compensations possible including cash, royalties, and equity"

[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution (LGES) stated on the 11th regarding the SK Innovation board of directors' discussion that "It is regrettable that there is a difference in perception, as it has been finally decided that trade secrets across the entire battery sector were stolen in their entirety, yet they fail to acknowledge it."

After SK Innovation's board of directors disclosed their position on the final ruling of the battery trade secret infringement lawsuit on the 11th, LGES announced their stance, saying, "The party that destroyed, deleted, and concealed evidence acknowledging this decision is the beginning of an agreement."

Regarding SK Innovation board's discussion that the excessive compensation is unacceptable, LGES pointed out, "It is absurd for the perpetrator to claim that our proposal, based on the U.S. Federal Trade Secrets Act, which can be considered a global standard, is an unreasonable demand and therefore unacceptable," adding, "There is a lack of sincerity in resolving the issue."

They continued, "If the competitor sincerely comes to the negotiation table with a proposal worth discussing and negotiates, various compensation methods acceptable to shareholders and investors, such as cash, royalties, and equity, like the recent Botox settlement case, are possible," emphasizing this point.

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