Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

LG Corp: Updated NAV Analysis Amid Ongoing Corporate Value Up Program in Korea

LG Corp: A Family Feud! (Mother & Sisters Sue Their Chairman Son) Enter the Private Equity Dragons?

LG Corp: NAV + An Indirect Beneficiary of Growing AI Data Center Cooling Systems and Physical AI

Initial Thoughts on the OpenAI IPO and the Key Korean Stocks to Benefit from the OpenAI IPO

OpenAI Misses Internal Sales and Active Users Goals - Impact on Samsung Electronics and SK Hynix

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>My base case valuation of LG Corp is implied market cap of 26.9 trillion won or NAV per share of 177,595 won, which is 42% higher than current share price.</li>
<li>LG Corp's investments in five core publicly listed companies including LG Chem and LG Electronics are now worth 26.5 trillion won which is 99% of its current market cap.</li>
<li>Legal feud between LG Group Chairman Koo and his mum/sisters have been going on for more than three years. Appellate court has scheduled the next hearing for 27 November.</li>
</ul>


My base case valuation of LG Corp is implied market cap of 26.9 trillion won or NAV per share of 177,595 won, which is 42% higher than current share price.
LG Corp's investments in five core publicly listed companies including LG Chem and LG Electronics are now worth 26.5 trillion won which is 99% of its current market cap.
Legal feud between LG Group Chairman Koo and his mum/sisters have been going on for more than three years. Appellate court has scheduled the next hearing for 27 November.


LG Corp: Ongoing Legal Feud Between Chairman Koo Vs Mum/Sisters and Updated NAV Analysis