[Featured Stock] LG Innotek Soars 9% on Record High Earnings, Hits New Peak

[Asia Economy Reporter Minji Lee] LG Innotek recorded its highest performance and hit an intraday record high.

On the 26th, LG Innotek was trading at 229,500 KRW, up 9.03% from the previous trading day on the KOSPI market. The stock price soared to 238,000 KRW during the day, setting a new 52-week high.

LG Innotek is expected to continue its strong performance in the first quarter as well. Boyoung Choi, a researcher at Kyobo Securities, explained, “The outlook for the Optical Solutions division is better than expected, so stable performance is expected through the first quarter,” adding, “With the expansion of business soundness through the automotive electronics division, it is time to break away from undervaluation.”