[Special Stock] E&C Corporation Rises on Announcement of 100% Domestic Production of Semiconductor Ultrapure Industrial Water

[Asia Economy Reporter Jang Hyowon] EN Corporation is showing strong performance following the government's announcement of 100% domestic production of ultra-pure industrial water for semiconductors.

As of 11:29 AM on the 29th, EN Corporation is trading at 10,700 KRW, up 0.94% compared to the previous day. This marks a consecutive two-day rise following a 9.73% increase the day before.

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, held the 13th Innovation Growth BIG3 (System Semiconductors, Future Cars, Biohealth) Promotion Meeting at the Government Seoul Office, announcing that by 2025, the design of ultra-pure water industrial water required for semiconductor production processes will be fully domestically produced.

Deputy Prime Minister Hong explained, "The semiconductor industry demands more industrial water compared to other industries," adding, "Moreover, ultra-pure water, which contains almost no impurities, is used in semiconductor manufacturing processes composed of ultra-fine circuits."

Previously, EN Corporation's subsidiary Hanseong Cleantec was selected for a national project to develop domestic technology for the production process of ultra-pure industrial water. Out of the 28 billion KRW project budget, Hanseong Cleantec is responsible for domestic production in the design and construction sectors, worth approximately 17.2 billion KRW. The domestic ultra-pure water market size is expected to grow 27%, from 1.1 trillion KRW in 2020 to 1.4 trillion KRW in 2024. The global market size is projected to increase 8.5%, from 21.3 trillion KRW in 2020 to 23.1 trillion KRW in 2024.