LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

• In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November.

• The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.

• Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.