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Embattled steelmaker POSCO will have to pay a hefty sum of $254 million
in compensation to Japan‘s Nippon Steel for busine...
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Steelmaker Posco to Pay 300 billion to Japan’s Nippon Steel for Violating Grain-Oriented Electrical Steel (GOES) Technology

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Embattled steelmaker POSCO will have to pay a hefty sum of $254 million in compensation to Japan‘s Nippon Steel for business secrecy and patent violations in connection with technology for grain-oriented electrical steel (GOES). In exchange, Nippon Steel will be withdrawing its patents suits that it has filed in South Korea, Japan, and the US against the former.

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Steelmaker Posco to Pay 300 billion to Japan’s Nippon Steel for Violating Grain-Oriented Electrical Steel (GOES) Technology

  1. 1. Embattled steelmaker POSCO will have to pay a hefty sum of $254 million in compensation to Japan‘s Nippon Steel for business secrecy and patent violations in connection with technology for grain-oriented electrical steel (GOES). In exchange, Nippon Steel will be withdrawing its patents suits that it has filed in South Korea, Japan, and the US against the former. Daily Intellectual Property News [17 November, 2015] SAGACIOUS IP Steelmaker Posco to Pay 300 billion to Japan’s Nippon Steel for Violating Grain-Oriented Electrical Steel (GOES) Technology

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