[Featured Stock] LGD Rises 6% on 1 Trillion Won Borrowing... LG Electronics, the Lender, Declines
![[Featured Stock] LGD Rises 6% on 1 Trillion Won Borrowing... LG Electronics, the Lender, Declines](http://www.asiae.co.kr/news/img_view.htm?img=2022090108494517267_1661989786.jpg)
LG Display's stock price is showing strong performance in early trading on the 28th after borrowing 1 trillion won from LG Electronics to strengthen business competitiveness.
As of 9:32 AM on the same day, LG Display is trading at 15,920 won, up 6.56% compared to the previous trading day on the Korea Exchange.
Meanwhile, at the same time, LG Electronics is trading at 109,300 won, down 3.70%.
LG Display announced after the market closed the previous day that it decided to secure long-term borrowing of 1 trillion won to strengthen its organic light-emitting diode (OLED) business competitiveness and secure operating funds in advance.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
It is interpreted that buying demand is pouring into LG Display due to expectations of market share expansion. LG Electronics, which provided support worth trillions of won to its affiliate, seems to be experiencing an outflow of existing shareholders.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
