Industry
LG gets boost from latest smartphone G3
May 30, 2014
South Korea's LG Electronics Inc. traded near this year's high on Friday on hopes that its latest high-end smartphone, the G3, would help pull its money-losing handset business out of the red.Shares of LG Electronics closed at 72,900 won on the Seoul bourse, down 1.62 percent from this year's high of 74,100 won, after hitting an intra-day high of 74,800 won at one point.For the past four sessions, its stock price has gained more than 6 percent as foreign and institutional investors scooped up th