[Featured Stock] HUSUNG Rises on China's Power Shortage Concerns

[Asia Economy Reporter Park Soyeon] As competition to secure secondary battery materials intensifies due to China's power shortage, Hwasung's stock price is showing strong performance.

As of 9:08 AM on the 6th, Hwasung is trading at 23,300 KRW on the KOSPI market, up 2,500 KRW (12.02%) from the previous day.

Hwasung has a market capitalization of 2.1624 trillion KRW and ranks 157th on the KOSPI.

Hwasung supplies electrolytes (lithium hexafluorophosphate·LiPF6), which are essential for making electrolytes. The electrolyte is a material that acts as a pathway allowing the movement of the cathode and anode within the secondary battery.