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

LG Electronics posted a double-digit share price jump in a single day on May 12. According to the Korea Exchange, LG Electronics shares rose 18% to 184,900 won. The move came as the company’s robot business drew attention as a new growth engine. Beyond its existing image as a home appliance maker, the potential growth of its robotics segment appeared to increase investor interest. The rally shows that expectations surrounding the robot business were reflected directly in short-term share price movement. Markets are expected to watch for concrete results and whether growth in the business can continue. Source: mk.co.kr