"Would You Call Me a Materials, Parts and Equipment Company?" Kolon Industries Gains More Than 6% [Stock NOW]

[Financial News] Kolon Industries rose in early trading on the 8th. The stock is believed to be gaining alongside major semiconductor shares, as the company recently reorganized its business around semiconductor materials.
At around 9:17 a.m., Kolon Industries was trading at 58,600 won, up 6.16% from the previous session. The stock opened at 55,400 won, up 0.36%, before climbing as much as 9.23% to 60,300 won in early trading.
Kolon Industries is accelerating its portfolio shift toward the semiconductor supply chain. The company recently invested approximately 34 billion won to begin mass production of prototypes at its modified polyphenylene oxide (mPPO) production facility at Plant 2 in Gimcheon, Gyeongsangbuk-do. mPPO is a key material for copper clad laminate (CCL), a raw material for printed circuit boards (PCBs) used in artificial intelligence (AI) servers. Demand for mPPO has been rising recently as data-server deployment expands.
Semiconductor stocks were also rising at the same time. Samsung Electronics was trading at 273,750 won, up 1.30%, while SK hynix was trading at 1,846,000 won, up 3.53%.
[email protected] Lim Sang-hyuk Reporter