Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Equity Bottom-Up

Issue: Last week LG Group Chairman Koo Bon-moo said in a meeting with the management of the group’s affiliates that LG Group should proceed with major business restructuring to focus on new business. (News source: "<a href="http://www.businesskorea.co.kr/english/news/industry/14047-new-businesses-focused-lg-group-chairman-koo-calls-expediting-new-business" target="_blank">LG Group Chairman Koo Calls for Expediting New Business Development</a>") What is his point?His point is that LG Group should focus on the following future growth engines.<ol>
<li>EV Auto Parts: LG Electronics (Parts) and LG Chem (Battery)</li>
<li>Energy Solutions: LG Electronics</li>
<li>OLED Panel: LG Display</li>
</ol>…

Issue: Last week LG Group Chairman Koo Bon-moo said in a meeting with the management of the group’s affiliates that LG Group should proceed with major business restructuring to focus on new business. (News source: "LG Group Chairman Koo Calls for Expediting New Business Development") What is his point?His point is that LG Group should focus on the following future growth engines.
EV Auto Parts: LG Electronics (Parts) and LG Chem (Battery)
Energy Solutions: LG Electronics
OLED Panel: LG Display
…

Interpreting LG Group Koo's Message: Selling Mobile Handset Business? and To Who?