As US states ramp up their efforts to take advantage of trends favoring reshoring of overseas manufacturing, it’s important to fully understand and proactively address any underlying issues that could negatively impact the positive elements of a project.
A large battery factory, SK Battery America, that’s being built in Jackson County Georgia involving South Korean company SK Innovation (SK) is at risk as a result of a recent International Trade Commission ruling that SK stole trade secrets from rival LG Energy Solution.
In many instances, clear communication and proactive collaboration can prevent unpleasant surprises. The North America Closeshoring team and our affiliates have vast experience dealing with these types of issues, particularly involving relationships between US states and companies from South Korea, Taiwan, Japan, China and India.
The good news is that most of the time, even after court rulings, adverse situations can be resolved in a manner that preserves projects. But, it’s always better to preempt a dispute before it escalates to formal proceedings.