[Featured Stock] KB Autosis Hits Upper Limit for Two Consecutive Days on News of US Georgia Factory Construction

[Asia Economy Reporter Park Soyeon] KB Autosis has hit the upper price limit for the second consecutive day following news of a factory construction in Georgia, USA.

As of 9:12 AM on the 5th, KB Autosis is trading at 14,400 KRW, up 3,300 KRW (29.73%) compared to the previous day. KB Autosis also recorded the upper price limit the day before.

The announcement by Georgia Governor Brian Kemp regarding KB Autosis's factory construction plan is believed to have influenced this. The Georgia state government revealed that KB Autosis will invest $38 million (approximately 42 billion KRW) to build a parts manufacturing plant of about 10,000㎡ in the Lone Oak area of Meriwether County, Georgia, USA.

KB Autosis, a supplier of automotive brake pads, provides parts to Hyundai Motor, Kia, GM, and others.