LG Innotek surged more than 20% early on the 26th, becoming a "monarch stock" with a share price in the 1 million won range.
At 9:16 a.m. on the Korea Exchange that day, LG Innotek was trading at 1.04 million won, up 176,000 won (20.37%) from the previous session.
LG Innotek's share price is on the rise thanks to strong results in its semiconductor package substrate business.
Brokerages are successively raising their target prices for LG Innotek.
That day, Hana Securities raised its target price for LG Innotek to 1.3 million won from 800,000 won, up 85.7%. Earlier, KB Securities and NH Investment & Securities also raised their target prices for LG Innotek to 1.2 million won, respectively.
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