LG Energy Solution will initiate the process to receive tariff refunds following a U.S. court ruling that invalidated the tariff imposition.
According to industry sources, the amount LG Energy Solution is expected to receive is around 100 billion won (approximately $75 million), with the total refund application exceeding 300 billion won (about $225 million).
The company completed its tariff refund application in April, in response to a ruling by the U.S. Supreme Court in February that deemed the tariffs imposed by the Trump administration as invalid.
This refund application became possible after the Supreme Court ruled that the tariffs, based on the International Emergency Economic Powers Act (IEEPA), were unlawful.
The U.S. Customs and Border Protection (CBP) began accepting refund applications in April, with an estimated 6,000 domestic companies eligible for refunds. Other South Korean battery manufacturers, including Samsung SDI and SK On, are also expected to pursue refund applications.
A representative from LG Energy Solution stated, "The exact amount of the refund has not been finalized, but we are indeed undergoing the tariff refund process."
* This article has been translated by AI.
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