[Special Stock] LG Energy Solution Falls for 3 Consecutive Trading Days... Drops Below 500,000 Won

On the morning of the 27th, officials attending the LG Energy Solution's KOSPI new listing ceremony held at the Korea Exchange in Yeouido, Seoul, are celebrating the commencement of trading. From the left, Kyunghoon Song, Deputy General Manager of the Korea Exchange KOSPI Market Division; Sanghwan Ahn, Chairman of the Korea IR Council; Sangwook Cho, CEO of Morgan Stanley Seoul Branch; Jaejun Lim, General Manager of the Korea Exchange KOSPI Market Division; Byungdoo Son, Chairman of the Korea Exchange; Youngsoo Kwon, CEO of LG Energy Solution; Changsil Lee, CFO of LG Energy Solution; Sunghyun Kim, CEO of KB Securities; Kiheon Lee, Executive Vice Chairman of the Listed Companies Association. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Kwon Jae-hee] LG Energy Solution has been continuing a three-day losing streak, pressured by foreign investors' sell-offs.

As of 2:52 PM on the 10th, LG Energy Solution is trading at 473,000 KRW, down 7.44% from the previous trading day.

LG Energy Solution was listed on the 27th of last month and surged starting from the third day of listing on the 3rd, reaching an intraday high of 577,000 KRW on the 8th. However, it reversed to a downward trend and has been falling for three consecutive days since then.

The market capitalization has also decreased to 110.199 trillion KRW.

The securities industry has set LG Energy Solution's target stock price ranging from a minimum of 430,000 KRW to a maximum of 640,000 KRW.

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