Korea Hot Stocks - LG Household jumps on FACESHOP deal

Reuters - Wednesday, November 25

SEOUL, Nov 25 - Stocks on the move on Wednesday include:

As of 0100 GMT, the main KOSPI <.KS11> was down 0.44 percent at 1,599.42 points.

The index opened up 0.15 percent at 1,608.83 points.

**LG HOUSEHOLD JUMPS AFTER THEFACESHOP PURCHASE**

Shares in LG Household <051900.KS> rallied on Wednesday after the company said late on Tuesday that it had bought 90 percent of THEFACESHOP, a lower-price cosmetics maker, for 420 billion won , including a 70.2 percent stake held by an Asian private equity house Affinity Equity Partners. [ID:nSEO264068]

"Both the pricing and expected business synergy from this deal are very good," said Ha Tae-ki, an analyst at SK Securities, adding that he saw LG Household's six-month target price at 300,000 won.

Shares in LG Household were up 5.02 percent at 282,500 won as of 0100 GMT.

((jungyoun.park@thomsonreuters.com; +82 2 3704 5643; Reuters Messaging: jungyoun.park.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)