[Featured Stock] LG Innotek Jumps 14% on Robotics Hopes...Hits Record High

LG Innotek surged by double digits, setting a new intraday 52-week high.

As of 9:15 a.m. on the 26th, LG Innotek was trading at 328,500 won, up 41,000 won (14.26%) from the previous day. During the session, it climbed to as high as 334,500 won, rewriting its 52-week high.

Market participants interpret expectations surrounding its entry into the robotics industry as the main driver behind the share price rally. On this day, Kyobo Securities said that LG Innotek is expanding its downstream industries through its entry into the robotics sector and raised its target price from 300,000 won to 370,000 won. Choi Bo-young, an analyst at Kyobo Securities, said, "Concerns about a bottom in the performance of the Optical Solutions Business Unit have already been reflected, but we are confirming demand that is more solid than expected, and robot-related applications are becoming more diversified," adding, "We expect benefits from the expansion of robotics applications, and in particular, the application of autofocus and LiDAR technologies in 2027 will allow the company to enjoy price increases at the same time."

According to Kyobo Securities, LG Innotek's camera modules have begun to be installed in Boston Dynamics, Hyundai Motor Company's robotics subsidiary. Analyst Choi said, "We have started mass production of LiDAR cameras for a European automaker, and as this technological expansion continues, we expect these technologies to be applied even to Boston Dynamics' quadruped walking robots."