[Featured Stock] LGD Rises 6% on 1 Trillion Won Borrowing... LG Electronics, the Lender, Declines

LG Display's stock price is showing strong performance in early trading on the 28th after borrowing 1 trillion won from LG Electronics to strengthen business competitiveness.

As of 9:32 AM on the same day, LG Display is trading at 15,920 won, up 6.56% compared to the previous trading day on the Korea Exchange.

Meanwhile, at the same time, LG Electronics is trading at 109,300 won, down 3.70%.

LG Display announced after the market closed the previous day that it decided to secure long-term borrowing of 1 trillion won to strengthen its organic light-emitting diode (OLED) business competitiveness and secure operating funds in advance.

It is interpreted that buying demand is pouring into LG Display due to expectations of market share expansion. LG Electronics, which provided support worth trillions of won to its affiliate, seems to be experiencing an outflow of existing shareholders.