[Featured Stock] Related Shares Surge Following Samsung Electronics' Announcement of New Robot Business

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] As Samsung Electronics announced its plan to foster the robot industry by discovering new growth businesses, robot-related stocks have surged sharply from the early trading session on the 17th.

As of 9:40 AM that day, Yujin Robot was trading at 6,070 KRW, up 19.02% (970 KRW) compared to the previous trading day. Hurim Robot rose 13.48% (133 KRW) to 1,120 KRW, and Roborobo increased 11.82% (1,300 KRW) to 12,300 KRW.

This is interpreted as an effect of Samsung Electronics designating robots as a new business. Samsung Electronics Vice Chairman Jonghee Han identified robots as a key new business at the shareholders' meeting held the day before. He stated, "The first step in discovering new businesses is the robot business," and added, "We are strengthening specialized organizations to promote robots as a new business." He also announced plans to launch robot products as early as this year. It is highly likely that the robots will focus on health and life care fields in response to the aging society.

Samsung Electronics also showcased two types of 'Life Companion' robots at CES 2022, the world's largest home appliance and IT exhibition held last January.