[Featured Stock] LG Energy Solution Faces 'Bomb' of Shares After Lock-up Release... Drops Over 3%

[Asia Economy Reporter Kwon Jae-hee] On the morning of the 30th, LG Energy Solution is recording a decline of over 3%. This is interpreted as the release of shares allocated to the employee stock ownership association being unlocked after the one-year anniversary of the listing, leading to the appearance of shares for profit-taking.

As of 9:15 AM today in the KOSPI market, LG Energy Solution is trading at 490,500 KRW, down 3.06% from the previous trading day.

LG Energy Solution's shares held by the employee stock ownership association became tradable starting from the 30th, marking the one-year anniversary of its listing on the 27th.

On the morning of the 27th, officials attending the LG Energy Solution's KOSPI new listing ceremony held at the Korea Exchange in Yeouido, Seoul, are celebrating the commencement of trading. From the left: Song Kyung-hoon, Deputy General Manager of the Korea Exchange KOSPI Market Division; Ahn Sang-hwan, Chairman of the Korea IR Council; Cho Sang-wook, CEO of Morgan Stanley Seoul Branch; Lim Jae-joon, General Manager of the Korea Exchange KOSPI Market Division; Son Byung-doo, Chairman of the Korea Exchange; Kwon Young-soo, CEO of LG Energy Solution; Lee Chang-sil, CFO of LG Energy Solution; Kim Sung-hyun, CEO of KB Securities; Lee Ki-heon, Executive Vice Chairman of the Listed Companies Association. Photo by Kang Jin-hyung aymsdream@

At the time of the listing last year, LG Energy Solution employees were allocated a total of 8,154,518 shares at the public offering price of 300,000 KRW, but due to some resignations, the current employee stock ownership shares amount to 7,924,518 shares. This represents 3.39% of the total issued shares, worth over 3 trillion KRW.

Considering that the actual circulating shares account for 13.15% of the total shares, approximately 23% of the circulating shares are entering the market.