[Featured Stock] LG HelloVision Rises Over 10% on LG Electronics' Full-Scale Entry into Electric Vehicles

[Asia Economy Reporter Lee Myunghwan] LG HelloVision is showing strong performance from the early trading session on the 27th. This is interpreted as being influenced by expectations of benefits following its affiliate LG Electronics' full-scale entry into the electric vehicle charging market.

As of 9:40 AM today, LG HelloVision is trading at 5,700 KRW, up 13.32% (670 KRW) compared to the previous trading day.

On the 26th, LG Electronics announced that it had signed a stock purchase agreement to acquire 100% of the shares of Apple Mango, a specialized electric vehicle charger company, together with GS Energy and GS Neotek. Under this agreement, Apple Mango will be incorporated as a subsidiary of LG Electronics.

LG HelloVision is designated as an electric vehicle charger distributor, providing services such as charger installation, maintenance, and operation. Kim Jangwon, a researcher at IBK Investment & Securities, evaluated LG HelloVision's electric vehicle charging business by stating, "It is worth watching as it establishes a business foundation capable of co-growth in response to changes in the industrial ecosystem."