LG Ensol, which met Casm, had a deficit of 200 billion won in the fourth quarter of last year...Sales also fell 19.4%.

LG Energy Solution recorded a deficit in the fourth quarter of last year in the aftermath of the global electric vehicle 'casm', that is, a temporary demand stagnation.

LG Energy Solution announced that it posted an operating loss of KRW 225.5 billion in the fourth quarter of last year, turning into a deficit compared to the same period last year.

The performance is far below the previous quarter's operating profit of 448.3 billion won and the market forecast of 200 billion won.

Revenue for the fourth quarter was KRW 6.4512 trillion, down 19.4% from KRW 8.14 trillion a year earlier.

The decline in sales in the fourth quarter was attributed to a decrease in volume due to the customer's year-end inventory adjustment and a sales price impact due to falling raw material prices.