[Asia Economy Reporter Yoo Hyun-seok] IrenTech is showing strong performance. Amid the strong trend of metaverse-related stocks, the spotlight on Samsung Electronics' augmented reality (AR) glasses appears to have had an impact.
As of 1:52 PM on the 3rd, IrenTech was trading at 8,700 KRW, up 8.89% (710 KRW) compared to the previous trading day.
On this day, positive outlooks on the metaverse industry emerged in the stock market. As a result, stocks of companies related to augmented reality and gaming are showing a sharp rise.
IrenTech previously showed strength following news of Samsung Electronics' AR glasses patent registration in the United States. This is interpreted as highlighting IrenTech's smart glasses technology.
Meanwhile, IrenTech is a supplier of battery packs, phone cases, and chargers to Samsung Electronics and Samsung SDI. From 2012 to 2015, it participated in a Ministry of Science, ICT and Future Planning national project developing advanced smart glasses terminals implementing augmented reality and virtual reality (VR), accumulating related technologies.
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