Why is the Stock of Gwangmoo in the Korean Market Rising Sharply?

 

 Why is the Stock of Gwangmoo in the Korean Market Rising Sharply?

 Several factors contributed to the rise in Gwangmu's stock price.

EPCamtech Acquires Stake: Gwangmu Recent Precision Chemical Materials
Through the paid-in capital increase of specialized company EPCamtech, it signed a contract to acquire new shares worth 19.4 billion won and secured a 10% stake to become the second-largest shareholder. EPCamtech is a company that supplies core materials for electric vehicle batteries, and through this acquisition, Gwangmu is expected to expand its business and increase sales.
Jecheon Plant Extension and Renovation: Gwangmu plans to complete the expansion and renovation of the Jecheon plant, and to complete the addition of facilities in the first half of the year and operate from the second half. The Jecheon plant is close to major customers of electrolyte additives, so it is expected to increase manufacturing sales in the future.
Electrolyte Additives Business: Gwangmu is establishing a position in the electrolyte additives market through the distribution of lithium salts and is supplying high-quality additives to electrolyte producers. This comes as the demand for battery performance and safety grows as the spread of electric vehicles expands.

 

Soaring Shares Domestic Stock Mining Company Information

Gwangmu:

Year of establishment: 1976
Major businesses: distribution of electrolyte additives and lithium salts
Location: Seoul Metropolitan Government, Republic of Korea
Key customers: electrolyte manufacturers such as Enchem
Gwangmu has recently reorganized its business structure to focus on high profits, and is strengthening its research and production functions by expanding its Jecheon plant. In addition, it is expanding its precision chemical materials business by acquiring the stake in EPCamtech.