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🇰🇷 South Korea /Technology

LG Electronics jumps more than 8% on report of robot-joint supply talks

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Context piece
  • LG Electronics shares rose 8.68% to 219,000 won in early trading on the Korea Exchange.
  • The gains followed reports that LG is discussing potential actuator supply contracts with several global technology companies.
  • Investors appear to have responded to the possibility of orders for robot-joint components.

LG Electronics shares surged more than 8% early on the 7th after news that the company is discussing possible supplies of actuators, or robot-joint components.

At 9:14 a.m. on the Korea Exchange, LG Electronics traded at 219,000 won, up 8.68% from the previous session.

The rise reflected buying by investors responding to the possibility of new orders. Reports said LG Electronics is in discussions with several global big technology companies about supplying actuators for robots.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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