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Apr 13 2021, 6:10 AM April 10 2021, 9:53 PM April 13 2021, 6:10 AM (Bloomberg) Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. (Bloomberg) Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two companies. The payment is divided equally in cash and royalties, they said.

United statesSouth koreaSouth koreanBrian kempMiryam lipperJim farleyJoe bidenJon ossoffRaphael warnockKatherine taiJonathan jenningsSk innovation coLg energy solutionFord motor coSenate finance committee onMajor league baseball