Big Electric-Car Battery Maker Sues Rival for Stealing Secrets
- LG Chem alleges SK Innovation stole information via poaching
- SK says company will clarify matter through legal process
Signage for LG Chem Ltd. is displayed at a company plant in Yeosu,.
Photographer: SeongJoon Cho/Bloomberg
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LG Chem Ltd., the South Korean electric-car battery giant, sued local rival SK Innovation Co. in the U.S. for allegedly stealing trade secrets by poaching scores of highly knowledgeable employees.
The lawsuits, filed with the U.S. International Trade Commission and the District Court of Delaware, alleges SK hired 77 employees from LG, some of whom stole trade secrets that helped SK develop a pouch-style battery favored by automakers and the consumer electronics industry, according to a statement from LG.