TLDR
- LG Electronics surged 30% on Monday to a record 380,500 won, hitting the daily upper limit for the second day in a row.
- The rally was fuelled by reports that Nvidia CEO Jensen Huang plans to visit Seoul and may meet LG Group Chairman Koo Kwang-mo.
- Huang’s visit follows Nvidia’s GTC Taipei 2026 conference and would be his first trip to Korea in roughly seven months.
- LG affiliates also rallied — LG CNS gained over 26%, LG Corp rose 13%, with others posting smaller gains.
- No formal partnership has been confirmed; analysts say the rally is largely expectation-driven.
LG Electronics jumped 30% to an all-time high of 380,500 won ($250) on Monday, hitting the South Korean stock exchange’s daily upper limit shortly after the open. It was the second consecutive day the stock closed at the ceiling.
The move was sparked by local media reports that Nvidia CEO Jensen Huang is expected to visit Seoul following the GTC Taipei 2026 conference in Taiwan. Reports indicate Huang may meet LG Group Chairman Koo Kwang-mo — a meeting that would be the first between the two.
The speculation centres on a potential deepening of cooperation between the two companies across physical AI, robotics, smart factories, mobility and AI data centres.
LG Electronics had previously disclosed it was in talks with Nvidia about potential collaboration in those areas. South Korean media have also separately reported that Nvidia executives held robotics-focused discussions with LG in recent weeks.
Huang’s Seoul trip has not been officially confirmed. Nvidia has not announced any agreements.
The market reaction spread well beyond LG Electronics itself. LG CNS, which provides cloud, data centre and enterprise AI services, surged 26.27% to 143,700 won, after briefly hitting its own daily ceiling of 147,900 won.
LG Group stocks move across the board
LG Corp gained 13.1% to 165,800 won. LG Innotek added 4.32% to 1,521,000 won. LG Uplus rose 1.8% to 16,420 won. LG affiliates were among the strongest performers on the Korea Exchange on the day.
Analysts pointed to LG’s broad exposure to AI-related sectors as the reason investors piled in. LG Electronics spans AI appliances, smart factories, robotics and vehicle components. LG CNS handles cloud and enterprise AI. LG Innotek and LG Uplus are seen as plays on AI infrastructure and connected devices.
The anticipated meetings in Seoul also include SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and Naver founder Lee Hae-jin.
Analysts flag expectation-driven rally
The buzz draws comparisons to Huang’s high-profile visit to Korea last year, when meetings with Samsung Electronics Chairman Lee Jae-yong and Hyundai’s Chung were dubbed the “kkanbu meeting” — a reference to a Korean term for a close ally.
“Expectations for a second kkanbu meeting drove a sharp rise in physical AI and software-related stocks,” said Lee Kyung-min, analyst at Daishin Securities.
Ahn Young-joon at Kiwoom Securities noted that LG Group net asset value has hit a record high as investors reassess the growth prospects of LG’s AI and robotics businesses.
Analysts cautioned, however, that Huang’s detailed itinerary remains unconfirmed and no concrete partnership plan is in place.
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