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LG Group companies are enjoying a rosy market outlook as expectations surrounding their robotics business plans continue to drive up stock prices. The stock price of LG Electronics closed at 237,000 won ($157) on Friday, up 68.2 percent from 140,900 won on April 30. Its market capitalization stood at 38.6 trillion won, ranking 23rd among companies listed on the benchmark KOSPI. The stock also hit the daily upper trading limit of 30 percent on Thursday, a rare occurrence for a large-cap company. Similar patterns are being observed among affiliates with business related to the robotics sector. During the same period, electronics parts firm LG Innotek stock enjoyed a 50.8 percent increase, while IT system company LG CNS rose 28 percent and LG Display gained 23.6 percent. Buoyed by strong performances from its affiliates, holding company LG Corp. also posted a 19.6 percent increase. Analysts said the companies’ robotics-related business plans appear to have received a favorable response from the market. “LG Electronics revealed plans at its shareholder meeting in March to establish a mass