[Special Stock] Use of Robots for Ukraine Mine Removal?… Yujin Robot on the Rise

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Eugene Robot's corporate value is on the rise amid expectations that the reconnaissance robot developed by the company could be utilized in the process of clearing mines installed by Russia in Ukraine.

As of 2:50 PM on the 3rd, Eugene Robot is trading at 7,140 KRW on the KOSDAQ market, up 4.7% (320 KRW) from the previous day.

After showing weakness immediately after the market opened, the stock rebounded following news that the Russian military's mines scattered across Ukrainian farmland have made cultivation difficult, potentially exacerbating the global food crisis.

The company owns the reconnaissance and rescue robot 'Robhaz,' jointly developed with the Korea Institute of Science and Technology (KIST), which is expected to be used for reconnaissance in mine clearance, boosting the stock price.

Previously, this robot was deployed in operational areas in Iraq, where it performed tasks such as explosive removal, hazardous area search, and reconnaissance alongside the Zaytun troops for six months.

Meanwhile, the British daily The Times reported that as Russian forces retreated from Kyiv, Ukraine's capital, numerous casualties have occurred in the northern and western parts of Kyiv due to mines, unexploded ordnance, and booby traps laid by the Russian military. The report warned that these mines are making cultivation difficult, potentially intensifying the global food crisis.