LG Group affiliates including LG Electronics (066570.KS) surged more than 10% in pre-market trading (8 a.m. to 8:50 a.m.), as buying interest poured in on news that the group will discuss artificial intelligence (AI) cooperation with Nvidia CEO Jensen Huang.
According to Nextrade, as of around 8:15 a.m. on Saturday, LG Electronics jumped 19.28%, LG Uplus (032640.KS) rose 12.15%, LG CNS (064400.KS) advanced 11.34%, and LG Corp. (003550.KS) gained 3.34%.
Huang is expected to visit Korea this week to meet LG Group Chairman Kwang-mo Koo and discuss expanded cooperation in physical AI.
Buying interest has concentrated on related stocks as cooperation plans are expected to extend beyond physical AI partnerships with LG Electronics to include affiliates such as the LG AI Research Institute, LG Innotek, and LG Uplus.
Earlier, Huang drew widespread attention when he held a so-called "Kkanbu meeting" with Samsung Electronics Chairman Jay Y. Lee and Hyundai Motor Group Executive Chairman Euisun Chung at a fried chicken restaurant on the sidelines of the APEC CEO Summit in Gyeongju in late October last year.
