LG Electronics' stock surged more than 20% during trading on May 29, fueled by speculation surrounding NVIDIA CEO Jensen Huang's visit to South Korea and a potential meeting with LG Group Chairman Koo Kwang-mo.
As of 10 a.m. KST, LG Electronics shares were trading at 277,750 won, up 52,250 won (23.17%) from the previous day. The stock opened at 245,000 won and briefly soared to 283,500 won, setting a new 52-week high.
LG Corp., the holding company, also saw a rise of 10.02%, trading at 127,400 won. Other major affiliates, including LG CNS (22.51%), LG Innotek (7.14%), LG Display (4.85%), and LG Uplus (3.05%), also experienced significant gains.
Market attention is focused on Huang's upcoming visit to South Korea, scheduled after he attends NVIDIA's annual AI conference, GTC Taipei 2026, from June 1 to 4 in Taipei. This will be Huang's first visit to South Korea in about seven months since the APEC CEO Summit held in Gyeongju last October.
There are growing expectations for collaboration between Huang and Koo during the visit, particularly in the area of physical AI, which is seen as a key growth driver for both companies. Analysts speculate that discussions may center on expanding their partnership in this emerging field.
In addition to the existing collaboration between LG Electronics and NVIDIA in physical AI, there may also be discussions about group-wide initiatives involving LG AI Research's massive AI model, EXAONE, LG Innotek's semiconductor substrates and robotic sensing technologies, and LG Uplus's AI cloud business.
Previously, during the APEC CEO Summit in October, Huang held a notable meeting with Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun, which garnered significant media attention.
* This article has been translated by AI.
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