[Special Stock] Will LG Chem Reach 900,000 Won Per Share?
![[Special Stock] Will LG Chem Reach 900,000 Won Per Share?](http://www.asiae.co.kr/news/img_view.htm?img=2018042208515771097_1524354719.png)
[Asia Economy Reporter Hwang Junho] LG Chem surged to 895,000 KRW in early trading on the 2nd.
LG Chem, the leading company in the secondary battery sector, was trading at 890,000 KRW as of 9:22 AM, up 59,000 KRW. This represents a 7.10% increase compared to the previous day's closing price.
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This is analyzed to be due to the positive stock price outlook for the secondary battery industry. Kim Kwangjin, a researcher at Yuanta Securities, stated about the secondary battery sector, "We believe that global electric vehicle sales will rebound from the second quarter as the gradual increase in mobility demand due to the rise in COVID-19 vaccinations and the pull-in effect reflected in the first quarter are resolved," adding, "Strong rebounds in the earnings of major companies within the secondary battery sector are also expected from the second quarter."
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