Local brokerages cast high hopes on LG spinoff
Local brokerages cast high hopes for LG spinoffs Posted : 2020-12-21 16:31 By Nam Hyun-woo Domestic brokerages are anticipating a positive impact after LG Group's planned spinoff of five companies under its wing, saying the changes will spur each firm to put greater efforts into improving their value. U.S. hedge fund operator Whitebox Advisors earlier threatened legal action as part of its opposition to the plan on fears of discounts to the value of LG Corp., the remaining holding firm of LG Group after the spinoff. "The spinoff of the companies will have limited impact on LG Corp.'s value...