LG Group is losing momentum for a possible stock rebound as the outlook remains lukewarm for the firm’s cornerstone battery and petrochemical businesses. The conglomerate had long held its position as one of Korea’s four largest groups by market capitalization — alongside Samsung, SK and Hyundai Motor — but its standing weakened recently as Hanwha Group overtook it earlier this month. Hanwha’s key defense affiliates have seen robust growth due to geopolitical tensions in the Middle East creating more demand. LG, however, has failed to ride the recent rally in the benchmark KOSPI, as major affiliates of rival conglomerates posted strong gains during the market’s upward cycle. Shares of LG Energy Solution fell about 12 percent over the past three months through Monday, weighed down by a prolonged slowdown in electric vehicle (EV) demand ahead of mass adoption. The battery maker remains the largest affiliate within the group, with a market capitalization of around 86 trillion won ($57.55 billion). LG Chem is facing a similar challenge in a slumping petrochemical industry. The com