Baek Kyung-hoon, head of LG Artificial Intelligence Research Institute, was nominated on the 23rd as the Minister of Science and ICT candidate for the Lee Jae-myung government, leading to an upward trend for LG Electronics.

In February, Baek Kyung-hoon, the head of LG AI Research, attends a public hearing on artificial intelligence (AI) held at the Science. ICT. Broadcasting. and Communications Committee in the National Assembly on the afternoon of the 25th./Courtesy of News1

As of 1:43 p.m. that day, LG Electronics was trading at 76,900 won, up by 3,800 won (5.14%) from the previous trading day. Although LG Electronics experienced a decline of about 2% in early trading, it turned upward after news broke that Director Baek had been nominated as the Minister of Science and ICT.

Director Baek has served as the head of LG Uplus, head of the LG Science Park AI Promotion Division, and is currently the first head of LG Artificial Intelligence Research Institute. After announcing the super-large AI model EXAONE in 2021, he is considered a leading figure in domestic AI development for unveiling the three platforms of EXAONE in 2022.

Not only LG Electronics but also LG showed an upward trend, recording a rise of 3.1% to 79,900 won immediately after the announcement of the ministerial candidate.