[Asia Economy Reporter Yoo Hyun-seok] Hancom has risen. It appears that the masks sold by its subsidiary Hancom Lifecare are being exported to China, which has had an impact.
As of 10:23 AM on the 30th, Hancom was trading at 12,050 KRW, up 4.33% (500 KRW) compared to the previous trading day.
Hancom Lifecare is a personal safety equipment specialist company incorporated into the Hancom Group in 2017. As of the third quarter of last year, Hancom holds a 59.73% stake. It supplies personal safety equipment such as air respirators, masks, protective clothing, and gas masks to domestic fire stations, military units, police, and general companies. It is also known as the only domestic manufacturer of air respirators.
In particular, it has been actively selling masks to the Chinese market since this year. A Hancom representative said, "We began exploring entry into the Chinese market last year and have been exporting in earnest since this year. Recently, orders have exceeded 50 million units in January alone, and inquiries for continuous purchases are coming in."
He emphasized, "The number of masks sold this month exceeded 4 million units, surpassing the 3 million units sold from March to December last year. More than half of these are exported to China, and we plan to continue supplying China in February as well."
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