LX International Corp. [001120.KS] Stock Forecast

LX International Corp. operates in the energy, industrial materials, and solution businesses worldwide. The company is involved in the development, investment, operation, and trading business of coal mines in Indonesia, China, Australia, etc.; operation of oil palm plantations in Indonesia; and agro and food trading business. It also invests in, develops, and constructs power plants comprising hydro, thermal, cogeneration, as well as petrochemical plants in China, Vietnam, India, and Poland; and develops and invests in oil and gas plant projects in the Middle East, Southeast Asia, and Kazakhstan. In addition, the company trades in synthetic resins; supplies petrochemical products, such as ethanol, MTBE, coolants, and organic/non-organic chemicals; and promotes the plastic recycling business. Further, it produces and supplies steel products for home appliances and vehicles, as well as explores for nonferrous metal related new businesses, such as lithium, a core material of the secondary battery. Additionally, the company provides vendor management inventory service embracing procurement, customs clearance, warehousing, and transportation based on its business network and logistics infrastructure; and develops ICT-based next generation business. The company was formerly known as LG International Corp. and changed its name to LX International Corp. in July 2021. LX International Corp. was founded in 1953 and is headquartered in Seoul, South Korea.