LG Electronics and LG Energy Solutions reflected a total of 325.6 billion won as provisions for General Motors (GM)'s recall of the electric vehicle Chevrolet Bolt EV.
LG Electronics & LG Chem, the parent company of LG Energy Solutions, announced on the 10th that it will correct its performance by reflecting such provisions in its second-quarter operating profit.
Of the total provisions of 325.6 billion won, LG Electronics will pay 234.6 billion won and LG Energy Solution 91 billion won.
As a result, LG Electronics'operating profit for the second quarter was revised to 878.1 billion won from 1.1127 trillion won, and LG Chem's operating profit was revised to 2.1398 trillion won from 2.2308 trillion won.
Reporter Lee Ji-sun stockmk2020@gmail.com
