LG Electronics shares jumped sharply in early trading on the 14th. Buying appears to be gathering on expectations for new business related to Robotics.
As of 9:24 a.m. on the 14th, LG Electronics stock was up 13.90% (26,600 won) from the previous trading day at 218,000 won. It climbed into the 210,000-won range, hitting a record high.
Expectations for new business related to Robotics appear to be driving the stock higher.
Hana Securities raised its target price for LG Electronics to 230,000 won from 160,000 won.
Kim Min-gyeong, an analyst at Hana Securities, said, "LG Electronics, through its March shareholders meeting, said it would establish a mass-production system for actuators for Humanoid Robot within the year and disclosed a plan for a proof-of-concept (PoC) pilot project for the home robot Cloi in 2027," and added, "Given that the pilot project has been moved up to the first half of this year, the company appears to be actively accelerating its robotics business."