I find this very encouraging news, and look forward to the official announcement on Friday. It is well within all the companies involved financial means to resolve this the best way possible and to save face while restoring confidence in the Hyundai brand as a whole.
The timing is excellent as well with the Ionic 5 about to be unveiled within the next week.
As far as replacements, whether SK or LG, this could also provide the 2 companies to settle their dispute for good (work together) and a possible reversal of the U.S. ITC ruling to provide the batteries for the positive future EV's in general.
It would also be prudent for LG to disclose the actual fault has been remedied (with new separators or whatever means) and limited to the earlier production packs in line with the recall dates were provided by Hyundai.
If the replacements go ahead, the batteries should be pre-ordered and installed with little inconvenience to customers and eliminate the ~ 3 month wait with the car at the dealerships, while becoming the benchmark for the procedure for any future replacements for whatever issues (premature degradation etc).
I also hope the Chevrolet Bolt issues are also resolved in a similar fashion.