[Concall] LG Chem "1 Trillion Won Settlement with SK Ino, 400 Billion Won ESS Recall Reflected"
[Asia Economy Reporter Hwang Yoon-joo] LG Chem stated in its Q2 2021 earnings conference call on the 29th, "The one-time expenses for Q2 this year are estimated at around 600 billion KRW, reflecting 1 trillion KRW in settlement payments related to the battery lawsuit with SK Innovation and 400 billion KRW in provisions for ESS battery recalls."
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They added, "Starting from 2023, the remaining 1 trillion KRW of the settlement will be received in the form of royalties."
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