[Featured Stock] Iljin Hysolus, Hydrogen Vehicle Market Growth... Target Price Up 8%

[Asia Economy Reporter Minji Lee] Iljin Hi-Solus is showing an upward trend in its stock price amid forecasts that tank demand will increase with the growth of the hydrogen vehicle market.

At 10:12 AM on the 20th, Iljin Hi-Solus, the world's number one hydrogen tank company, was trading at 60,600 KRW, up 7.26% from the previous trading day. With the hydrogen economy market expected to grow rapidly and hydrogen mobility diversifying, the expanding demand for hydrogen tanks is analyzed to have driven the stock price higher.

Jinwoo Kim, a researcher at Korea Investment & Securities, said, "The hydrogen economy is still in its early stages, and the hydrogen vehicle market is expected to continue high growth at an average annual rate of 58% from 2025 through 2030," adding, "Iljin Hi-Solus will leverage its first-mover advantage to maintain a high market share in the growing global hydrogen tank market."