[Featured Stocks] Metaverse Surges Again, Related Stocks Soar

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Junho Hwang] On the 17th, stocks related to the metaverse theme surged in the stock market. This appears to be the result of increased expectations for the related industry after Samsung Electronics identified the metaverse as a new growth item at its regular shareholders' meeting on the 16th.

According to the Korea Exchange on the 17th, the stock price of Sunic System was up 29.78% at 10:34 a.m., reaching 20,700 KRW. Sunic System is an OLED display deposition equipment company and is considered the leading stock among metaverse-themed stocks. Its major clients include Samsung Display, Duksan Neolux, Doosan Solus, and CSOT.

In addition to Sunic System, other stocks grouped under the metaverse theme such as NP (23.91%), Opticis (15.67%), Skonec (13.90%), Maxst (10.86%), and Koses (9.87%) also showed strong gains simultaneously.

The recent stock price movements of metaverse-related stocks seem to be a ripple effect of Samsung Electronics Vice Chairman Jonghee Han's statement at the shareholders' meeting on the 16th, where he said, "We will expand growth momentum by discovering new businesses such as the metaverse and robotics." He also stated, "We will build a sustainable growth business portfolio by strengthening the competitiveness of existing businesses in the mid-to-long term and simultaneously fostering new growth engines," indicating an active pursuit of business opportunities in the metaverse. This has led to an influx of funds anticipating concentrated benefits for related stocks.