LG Chem, KR7051910008

Meritz cuts target to KRW 310,000 for LG Chem stock

Published on 10/20/2026 at 01:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meritz cut its target to KRW 310,000 on October 15, 2026. For LG Chem stock, third-quarter revenue is estimated at KRW 13.8 trillion.

Cathode recovery and earnings timing

Meritz Securities cut LG Chem's target from KRW 370,000 to KRW 310,000 on October 15, 2026.
Meritz estimated third-quarter revenue at KRW 13.8 trillion and operating profit at KRW 740.9 billion.
LG Chem's market capitalization was KRW 21.6 trillion as of October 19, 2026.

LG Chem, KR7051910008, Illustration mit AI erstellt.

LG Chem (ISIN KR7051910008) was last at KRW 275,500 on the KRX on October 19, 2026 at 3:30 p.m. KST. On October 15, 2026, Meritz Securities cut its target from KRW 370,000 to KRW 310,000 while keeping a Hold rating, according to EDAILY.

What does the target cut reflect?

Meritz estimated third-quarter revenue at KRW 13.8 trillion and operating profit at KRW 740.9 billion. The basic materials division was expected to post an operating loss of KRW 166.3 billion, while advanced materials were estimated to contribute KRW 81.6 billion in operating profit, according to EDAILY.

The target reduction equals a 16.22 percent cut from KRW 370,000. Meritz also estimated cathode-material sales at KRW 154.4 billion and operating profit at KRW 2.5 billion for the third quarter, showing why the battery-material recovery remains a central valuation issue.

Three dated developments for LG Chem

On October 1, 2026, prosecutors indicted LG Chem and five other petrochemical producers in a case involving alleged coordination over products worth KRW 16.4 trillion, according to ICIS. On October 8, 2026, the same report said the company planned to restart its 900,000-tonne-per-year Yeosu naphtha cracker after an outage lasting more than six months. On October 15, 2026, Meritz set the lower KRW 310,000 target.

When is the next report?

LG Chem's next earnings report is scheduled for November 5, 2026, according to TradingView. The timing puts the company's third-quarter results directly against the current debate over petrochemical margins and cathode-material profitability.

Market value and investor context

LG Chem had a market capitalization of KRW 21.6 trillion as of October 19, 2026. Its business spans petrochemicals, advanced materials and life sciences, with the latest analyst view pointing to uneven recovery across those divisions.