[LG화학 PRS 명암]③주가 상승 '양날의 검' 얇아진 안전마진

LG Chemical's PRS liquidation strategy for LG Energy Solution presents a critical financial paradox: initial tranches benefit from rising stock valuations, but subsequent divestments risk crystallizing losses if the subsidiary's premium valuation cannot be sustained. The company must prove LG Energy Solution's earnings power in high-growth ESS and AIDC sectors while defending against Chinese LFP battery competition and weakening OEM demand, making enterprise value maintenance essential to avoid a vicious cycle of PRS losses.