LG Falls After CEO Says Mobile Unit Recovery May Take Time
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LG Electronics Inc., the world’s third-largest mobile-phone maker, fell to the lowest level in 11 months in Seoul trading after the company said a recovery at the handset business may take longer than some analysts expected.
LG fell 1.2 percent to 93,100 won at the 3 p.m. close of trading in Seoul, the lowest since July 1. The stock dropped as much as 3.4 percent earlier in the trading session. South Korea’s Kospi index closed little changed.