LG Electronics is showing strength early in the session on the 18th. The previous day, news emerged that LG Electronics would pursue a companywide voluntary retirement program amid concerns about declining earnings.
As of 9:21 a.m. that day, LG Electronics was trading at 82,800 won, up 4,900 won (6.29%) from the previous session.
17th, according to the industry, LG Electronics decided to carry out a voluntary retirement program for employees aged 50 or older or low performers. Employees who want voluntary retirement will receive severance pay along with consolation money equivalent to up to three years of salary and up to two years of children's tuition.
This round of voluntary retirement appears to stem from a sense of crisis over poor performance caused by a recent wave of low-priced competition from China. It has been two years since 2023 that LG Electronics carried out voluntary retirement across all divisions.