Morgan Stanley Korea Tech: LG Trio — The Next Growth Chapter
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Morgan Stanley's Korean technology note on the "LG Trio" (LGE, LGI and LGD) frames the group's next growth chapter through a curated set of exhibits. The opening chart details a newly established robotics business center that reports directly to the CEO, consolidating business development, sales and operations into a single end-to-end organization. A second exhibit presents the Humanoid 100, Morgan Stanley's list of global enablers in humanoid robotics, positioning the group within the emerging value chain.
The note also maps LGE's equity stakes in robotics companies and tracks LGE's B2B sales alongside the B2B share of its business. For LGI, the report lays out long-term forecasts spanning 2024-32 and pairs revenue with year-over-year growth rates. LGD coverage centers on operating profit and operating margin trends. Collectively, the charts organize the investment discussion around robotics commercialization under a unified corporate structure, expanding B2B exposure, and longer-term growth and profitability trajectories across the three LG affiliates.
Key exhibits
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
Exhibit 5
Exhibit 6
Exhibit 7
