LG.Philips LCD To Be Included In KOSPI 200 Index
SEOUL, Dec 7 Asia Pulse - LG.Philips LCD Co. (KSE:034220), the world's second-largest manufacturer of liquid crystal displays (LCD), will become a new component stock of the KOSPI 200 index from Friday, the Korea Stock Exchange said Tuesday.
LG.Philips LCD will replace AUK Co., Ltd., one of South Korea's leading chip-making equipment suppliers, it said.
The KOSPI 200 index is the main board's subindex representing the 200 largest-cap stocks.
LG.Philips LCD, formed in 1999 as a joint venture between LG Electronics of South Korea and Philips Electronics of the Netherlands, raised US$1 billion from the sale of 33.6 million shares in July.
Shares of LG.Philips closed at 35,500 won on the main Korea Stock Exchange, down 2.34 percent from Monday's close.
