[Special Stock] LG Household & Health Care Under Review for Fair Disclosure Obligation Violation... Stock Price↓
[Asia Economy Reporter Jang Hyowon] LG Household & Health Care is experiencing a decline amid news that the Korea Exchange is verifying whether the company violated its fair disclosure obligations.
As of 10:51 AM on the 17th, LG Household & Health Care is trading at 955,000 KRW, down 1.95% from the previous day.
According to a media report, on the 10th, some securities firms collectively lowered their target prices before the market opened, citing that LG Household & Health Care would record earnings below market expectations for the fourth quarter of last year. On that day, LG Household & Health Care's stock price fell by more than 13%.
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Consequently, concerns have been raised that LG Household & Health Care, a KOSPI-listed company, may have provided fourth-quarter earnings information in advance to securities analysts without prior public disclosure such as an earnings announcement notice. Violations of fair disclosure can result in sanctions such as designation as an unfaithful disclosure corporation.
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