LG Electronics said at its first-quarter 2026 earnings conference call on the 29th that, regarding the HS Business Division, "the Middle East-bound sales share is around 5% or so, so the absolute share is not large."
It added, "Recently, we have been asked by shippers to pay a war surcharge, and we are responding by expanding local procurement, securing capacity from the lowest-cost shippers, and optimizing logistics."
It also said, "For Europe-bound cargo that passes through waters near the Middle East, we are currently using alternative routes such as the Cape of Good Hope, so there are no disruptions to cargo flows," adding, "however, if vessels that had used Middle East routes simultaneously switch to alternative routes, some constraints could arise."