[Featured Stocks] "Export Korean Tissue Paper"… Clean Nara and Other Paper-Related Stocks Rise

[Asia Economy Reporter Minji Lee] Stocks related to paper products are showing an upward trend. This is attributed to the increased global demand for tissue paper and masks due to the impact of the novel coronavirus disease (COVID-19).

As of 3 PM on the 8th, Kkaekkeuthan Nara was traded at 4,775 KRW, up 27.33% from the previous session. Paper Korea rose by up to 29.95%, trading at 1,345 KRW. Additionally, Murim P&P (5.75%), Samjung Pulp (5.62%), Asia Paper (3.69%), Hansol Paper (3.49%), Gukil Paper (2.81%), Export Packaging (2.63%), and Shinpung Paper (2.17%) also maintained their upward momentum.

This rise is analyzed to reflect growing expectations for improved performance of related companies as overseas firms have recently increased requests to export hygiene products such as tissue paper and hand sanitizers. Kkaekkeuthan Nara is a comprehensive paper company selling products like toilet paper and wet wipes. Paper Korea produces newsprint and telephone directory paper, while Asia Paper and Songhak Paper account for about 70% of the domestic industrial paper market.