[Special Stock] Unid Achieves Record Q2 Performance... Expected Benefit from Carbon Capture Market Expansion Leads to Rise

[Asia Economy Reporter Jang Hyowon] Unid, a basic inorganic chemical materials company, is showing strength as it posted its best-ever performance in the second quarter of this year, leading to analyses that it has been undervalued.

As of 10:20 AM on the 19th, Unid is trading at 121,500 KRW, up 3.85% compared to the previous day.

Unid holds a 30% market share in the potassium sector, making it the world's number one company. Its operating profit in the second quarter grew 75% year-on-year to 55.4 billion KRW, and the total operating profit for the first half of the year nearly reached 100 billion KRW, already surpassing last year's total operating profit.

The market expects Unid to benefit from the global expansion of the carbon capture market. The International Energy Agency (IEA) projects that annual carbon dioxide capture will increase from 40 million tons last year to 5.7 billion tons by 2050. The cost of carbon capture is also evaluated as economically superior, being lower than the European Union (EU) carbon emission allowances.