[Asia Economy Reporter Yoo Hyun-seok] Igeon Holdings is showing strength. It appears that expectations of benefits from the government's Green New Deal policy have had an impact.
As of 9:47 AM on the 13th, Igeon Holdings was trading at 3,170 KRW, up 3.76% (115 KRW) compared to the previous trading day.
With President Moon Jae-in expected to announce the comprehensive plan for the Korean New Deal on the 14th, related stocks are showing strength. Green remodeling, included as a representative case of the Green New Deal, has brought attention to Igeon Holdings, a related company.
Green remodeling is an energy performance improvement support project for aging buildings, led by the Ministry of Land, Infrastructure and Transport. Igeon Holdings' subsidiary, Igeon Changho, is registered as a green remodeling project operator.
Igeon Changho was selected as a green remodeling project operator due to its recognized window technology with excellent insulation performance. The ‘Super Vacuum Glass’ developed by Igeon Changho received certification from the German Passive House Institute (PHI), the first in Korea in the window sector, acknowledging its insulation performance.
An Igeon Holdings official stated, “From this year, zero-energy building obligations apply to public buildings with a total floor area of 1,000㎡ or more, and measures to improve building energy efficiency, such as green remodeling projects, are gaining attention,” adding, “With the government's Green New Deal policy, products with excellent insulation performance are expected to be highlighted in public buildings.”
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