Recent movements in the shares of LG Energy Solution Ltd. have drawn significant attention from investors and analysts, as the stock has dropped to a record low. This decline coincides with the parent company LG Chem Ltd.'s $051910.KS plans for refinancing its bonds, raising concerns about the company's future position.

Amid global trade imbalances and an oversupply in the petrochemical industry, major players like South Korean companies LG Chem $051910.KS and Lotte Chemical $011170.KS are facing significant financial challenges in 2024. These issues highlight the unfavorable economic conditions resulting from the buildup of production capacity in China and high energy costs in Europe.