, a holding company of the conglomerate, had said on Thursday its longtime chairman was unwell and it planned to nominate his son to its board of directors in preparation for a leadership succession. Our Standards: The Thomson Reuters Trust Principles. Although the USITC decision will not affect LG Chem's operations in the U.S., the company and its partner General Motors can claim indirect damages stemming from SKI's alleged theft of industrial secrets. The late chairman adopted Koo in 2004 from his younger brother Koo Bon-neung after his only son died in a car accident. ", A final decision is expected Dec. 10. Get $99 AirPods, $49 Instant Pot and more, $99 AirPods and other early Black Friday deals available now, Best Buy's early Black Friday sale: There are still discounts on TVs, laptops and smart speakers, Discuss: LG's rollable OLED TV is now on sale in South Korea for $87,000. “Although Koo passed away at a relatively early age, his son has already been in a senior position and I don’t think there will be a big change in governance structure or strategic decisions,” said Park Ju-gun, head of corporate analysis firm CEO Score. Showcased in "seven premium consumer electronics stores located in major centers throughout the country," the futuristic TV's display can disappear into its base with the "touch of a button.". Major affiliates are LG Electronics Inc 066570.KS, display maker LG Display 034220.KS and electric car battery maker LG Chem 051910.KS. The USITC could be feeling pressure to finally rule on the case considering the estimated impact that it will have to some industries in the U.S. including job issues.

Refugees live under harsh conditions amid COVID-19, Not wearing a mask is not an option (Part 4), SK-LG trade secret litigation dispute deepening, Following the U.S. International Trade Commission (USITC) delaying a final ruling after its preliminary one that sided with LG Chem in its ongoing industrial espionage dispute with SK Innovation (SKI), industry officials claimed Sunday that LG was making "false claims.".

Reminding the U.S. President that LG Chem was also closely working with renowned U.S. partners, he added, "SKI is a Korean company that violated …

Mr. Jenkins speculates that President Trump would overturn action by the commission holding SKI responsible for its wrongdoings, which would set a dangerous precedent. [VIDEO], Korean firms brace for challenges from US election, Police decide not to conduct autopsy on comedian Park Ji-sun, 'Penthouse: War in Life' rating climbs amid criticism of 'disturbing' storyline, [INTERVIEW] 5 things you should know about Byeon Woo-seok, rising star from 'Record of Youth', Oh Dal-su to return to big screen after being cleared in sexual assault case, Actor Eddie Hassell, 30, killed in Texas shooting. Walmart's Black Friday sale is happening now. The feud was initiated after LG Chem filed complaints with the USITC in April 2019, claiming SKI had stolen trade secrets.

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