[Featured Stocks] Hydrogen Car-Related Stocks Surge Amid Growing Expectations for Eco-Friendly Policies

[Asia Economy Reporter Ji-hwan Park] Following the April 15 general election, hydrogen car-related stocks are soaring amid expectations for eco-friendly policies. The election results, which ended with a landslide victory for the ruling party, appear to be driving anticipation of benefits from the current government's eco-friendly policies, including hydrogen cars.

According to the Korea Exchange, as of 10:56 AM, Pungkuk Jujeong is trading at 16,650 KRW, up 3,400 KRW (25.56%) from the previous trading day. Pungkuk Jujeong has SDG, a subsidiary that manufactures hydrogen gas.

Auto parts company Ilji Tech is trading at 2,870 KRW, up 455 KRW (18.84%) from the previous day. The company announced an investment plan of 65 billion KRW to build and expand factories for future eco-friendly vehicle body parts, including electric and hydrogen fuel cell vehicles, by 2021.

Seongchang Autotech, a company related to Hyundai Motor's hydrogen car heat exchangers, is also trading at 6,780 KRW, up 11.51%. Unique, which produces hydrogen control modules, one of the core parts of hydrogen fuel cell vehicles, is surging 18.15%.