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LG Chemical has certain competitiveness in the field of electric vehicle soft pack batteries, with products featuring high power, high energy density, and high stability. This technology has become the fuse of the dispute between LG Chemical and SKInnovation. LG advocates that SKInnovation plans to recruit over 100 LG Chemical employees in the past two years, leading to the outflow of core technology. According to external interpretation, LG's confident attitude is also an opportunity to promote its technological leadership in SKInnovation.
ZDNetKorea pointed out that the background of LG Electronics' tough action is that it is crucial not to miss out on promising industries in the future. Previously, LG entered the electronics industry later than Samsung and also lost its semiconductor business. SK's acquisition of Hercules was actually LG Semiconductor, and if LG misses the battery industry again, it may affect the group's survival ability.
But the statement of SKInnovation is completely opposite. SKInnovation advocates that in the past, talent with relevant experience was hired through public recruitment, without stealing patents or trade secrets, and LG Chemical had no evidence of serious impact on goodwill.
Two major companies in South Korea have launched a consumer war, and a slight mistake may lead to cheaper prices for other battery companies. SKInnovation points out that when it comes to developing new materials and strengthening competitiveness, one should not argue with their own people and waste their development time.
Although the two sides argued against each other, the CEOs of the two companies suddenly met after the Mid Autumn Festival holiday, and the path to reconciliation appeared at dawn. South Korean public opinion tends to reconcile the two companies, and even hopes that the South Korean government can intervene, imitate the memory semiconductor industry, become the industry leader, and then engage in healthy competition, which is conducive to national development.
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