SKI, LG Chem reach battery dispute resolution, avoid import ban

In a highly anticipated announcement on Sunday, SK Innovation and LG Chem announced an agreement ending a dispute over allegations of trade secret theft, avoiding a 10-year ban on SKI’s battery component imports recommended by the U.S. International Trade Commission. The deadline for a 60-day presidential review of the ITC’s ruling, required by law, was April 11. The Office of the U.S. Trade Representative, which typically conducts such reviews, did not have to weigh in on the matter and the...