LG Electronics IPO: Season 2 of K-drama unfolds amid market slump

After Hyundai Motor Co. listed its Indian unit last year, raising $3.3 billion in what was the biggest initial public offering (IPO) ever in India, helping the country become one of the world’s top markets for first-time share sales, another South Korean company is set to enter the Indian market. Consumer electronics giant LG Electronics India has received approval from the market regulator Sebi for its highly anticipated Rs 15,000 crore IPO, ET has reported based on information from market sources.