LG Electronics Shares Jump 18% as Robot Business Draws Growth Focus

LG Electronics posted a double-digit share price surge on May 12, according to the Korea Exchange. The stock was reported to have climbed 18% in one day, with the market focusing on the company’s robot business as a potential new growth engine. After exiting the mobile phone business, attention has shifted to the businesses LG Electronics is developing as future growth areas. Brokerages raised their target prices to the 190,000 won range. Investors are now watching how the robot business may affect earnings and valuation. Source: mk.co.kr