LG Electronics India MD’s Hindi Speech Steals Spotlight During Strong IPO Debut
LG Electronics India made a powerful stock market entry, with shares listing at over 50% premium, while Managing Director Hong Ju Jeon captured national attention by delivering his entire IPO speech in Hindi.
Key Highlights
- LG Electronics India listed at ₹1,710.10, 50% above issue price
- South Korean MD Hong Ju Jeon delivered full speech in Hindi
- IPO was subscribed 54.02 times, showing massive investor interest
- Stock surged to ₹1,749 in early trading post-listing
Hindi Speech Creates Social Media Buzz
The South Korean executive’s decision to speak entirely in Hindi, rather than Korean or English, became the talking point of the listing ceremony.
“LG MD giving his IPO address in Hindi… rare for a South Korean company chief …signs of going local completely,” wrote one X user.
“MD Hong Ju Jeon speaking in Hindi (could’ve picked Korean or English) Very wholesome,” another social media user commented.
Financial analyst Manish Singh quipped: “If my IPO was subscribed 50x+ in South Korea, you can bet I will be speaking fluent Korean, too.”
Many noted the significant effort behind the gesture, with Abhijeet Mukherjee observing: “He didn’t need to. Several Indian CEOs can’t speak Hindi fluently. And IPO to ab aaya hain, Hindi he must’ve been learning for years to reach at this level. Credit where it’s due.”
Record-Breaking IPO Performance
The Initial Public Offering received overwhelming investor response, being subscribed 54.02 times on the final bidding day. The stock price surged to ₹1,749 in early trading, pushing the company’s market capitalisation to ₹1,16,640.25 crore.
The issue price was set at ₹1,140 per share, according to ANI reports.
About Hong Ju Jeon
Hong Ju Jeon took charge as Managing Director of LG Electronics India in January 2023. Prior to this role, he served as President for the Gulf region and held managing director positions across Middle Eastern subsidiaries including Iraq, Jordan, Lebanon, and Syria.
“I am very excited about my new role. I look forward to new challenges as well as the opportunity to serve millions of consumers. India is a growing economy and is an interesting market with vast demographics therefore, we aim to further strengthen our consumer base by introducing product portfolio that is developed basis the insights of the consumers,” Jeon stated during his appointment.
The combination of strong financial performance and cultural connection through the Hindi speech marks a significant moment for in the Indian market.
