[Featured Stock] LG Innotek Rises on Rumors of Supplying Tesla Camera Modules Worth Over 1 Trillion Won

[Asia Economy Reporter Myunghwan Lee] LG Innotek is rising in early trading on the 25th. This is interpreted as a result of reports that it has secured a camera module order worth over 1 trillion won from the US electric vehicle company Tesla.

As of 9:30 a.m. on the day, LG Innotek is trading at 335,000 won, up 2.76% (9,000 won) from the previous trading day.

The previous day, a media outlet reported that LG Innotek recently completed negotiations with Tesla to supply camera modules worth about 1 trillion won to be installed in Tesla electric vehicles.

In response, the Korea Exchange's KOSPI Market Headquarters requested LG Innotek to disclose information regarding the camera module order report. The disclosure deadline is by 6 p.m. on the same day.