[Featured Stock] GH Shinsosae Shows Early Strong Rise... Up 18.6%

[Asia Economy Reporter Park Soyeon] GH Shinsosae is showing strong performance.

As of 9:23 AM on the 5th, GH Shinsosae is trading at 6,120 KRW on the KOSDAQ market, up 960 KRW (18.6%) from the previous day.

GH Shinsosae, established in 1979, produces and supplies nonwoven fabrics and PU (Polyurethane) foam products used in general industrial nonwoven fabrics and automotive interior parts.

Starting with basic materials for footwear, it is the number one company in South Korea in the nonwoven fabric market for automotive interiors by single factory scale, and its India factory is currently in operation.

As of the end of January 2018, it acquired the yarn business division, producing and selling yarn, the raw material for nonwoven fabrics.

Its market capitalization is 88.4 billion KRW, ranking 1,024th on the KOSDAQ.