[Market Highlight] Lotte Innovate Rises 7% on Expansion into Physical AI Business

Lotte Innovate is showing strong performance on January 13.

As of 9:55 a.m. on this day, Lotte Innovate is trading at 21,300 won, up 1,440 won (7.25%) from the previous trading day.

This strong performance is attributed to Lotte Innovate's announcement the previous day that it will expand its business scope from software (SW)-based artificial intelligence (AI) to the physical AI sector.

With robot-related stocks recently showing strength, Lotte Innovate's announcement of its entry into the related business appears to have attracted significant investor attention.

Aiming to commercialize physical AI-based Robotics-as-a-Service (RaaS), Lotte Innovate established a dedicated organization for physical AI and robotics in August of last year and has been continuously expanding its research teams.

In the physical AI business, Unitree's G1 has been used for hardware, while Lotte Innovate's iMember has been utilized for software.

Lotte Innovate plans to expand iMember to a variety of devices, not limited to specific hardware.

The robot being developed by Lotte Innovate is intended to be a general-purpose humanoid capable of performing work across a wide range of industries, including distribution, manufacturing, construction, and food.