[Concall] LG Energy Solution "Demand Improvement Not Significant... Will Reduce Capital Expenditure"

Lee Chang-sil, Chief Financial Officer (CFO) of LG Energy Solution, stated during the Q1 earnings conference call held on the 25th, "At the earnings announcement in January, we mentioned that this year's investment is planned to be at a level similar to last year, but at this point, it seems that there is little visibility for improvement in the external environment and front-end demand for the time being."

He added, "We will selectively focus on mid- to long-term demand response and essential new expansion investments in the North American region, but we intend to somewhat reduce the scale of capital expenditures (CAPEX) by thoroughly prioritizing investment execution."