[Featured Stock] Iljin Electric Rises Amid 'Power Crisis' Concerns

[Asia Economy Reporter Park So-yeon] Iljin Electric is showing strong performance.

As of 10:57 AM on the 16th, Iljin Electric is trading at 7,340 KRW on the KOSPI market, up 1,620 KRW (28.32%) from the previous day.

Iljin Electric has a market capitalization of 271.4 billion KRW and ranks 542nd on the KOSPI. The number of listed shares is 37,080,390.

With forecasts predicting a powerful heat dome-type heatwave this summer, concerns over a power crisis are growing.

Iljin Electric is attracting attention as the only domestic company that produces both ultra-high voltage cables and ultra-high voltage transformers.