[Asia Economy Reporter Minwoo Lee] Optrontec's stock price is on the rise. The company has secured infrared wavelength control technology, a core technology of augmented reality (AR) necessary for the metaverse, and its track record of supplying various optical products to Samsung Group companies, including Samsung Electronics which recently joined the government's 'Metaverse Alliance,' appears to have been highlighted.
As of 10:45 AM on the 5th, Optrontec's stock price recorded 9,290 KRW, up 3.45% from the previous day. The recent participation of Samsung Electronics in the Metaverse Alliance, formed by the government with the intention of creating an innovative metaverse platform through 'super cooperation' between industries and companies, seems to have acted as a positive factor due to Optrontec's history of supplying various optical products to Samsung affiliates.
The metaverse is a compound word of universe, meaning the real world, and meta, meaning virtual or abstract. It refers to a three-dimensional virtual world where the boundary between reality and virtuality disappears. Technologies such as virtual reality (VR) and AR are expected to be actively utilized.
Optrontec, a strong small and medium-sized enterprise in the field of filters and lenses for smartphone cameras, has long possessed core technology for infrared wavelength control applied to VR and AR. It is known that Optrontec glass lenses are applied to more than 70% of North American electric vehicles. The company is reported to hold a quasi-monopoly position in supplying wide-area filters applied to Samsung Electronics' smartphones. Optical filters control the wavelength band of light desired by sensors. As the adoption of cameras increases, the demand for optical filters rises, and with the increased use of AR technology, it is expected to benefit from the increased demand for cameras.
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