[Featured Stock] Gwangmyeong Electric Soars on News of US President Biden's Visit to Korea

[Asia Economy Reporter Lee Jung-yoon] On the 13th, Kwangmyeong Electric is showing a sharp rise.

As of 10:07 AM on the same day, Kwangmyeong Electric is trading at 3,520 KRW, up 25.49%.

Kwangmyeong Electric is on the rise as Samsung Electronics is ramping up semiconductor investments, and U.S. President Joe Biden is reported to plan a visit to Samsung's semiconductor plant during his visit to Korea starting on the 20th.

Additionally, on the 10th, Kwangmyeong Electric announced that it signed a contract worth 7.15 billion KRW with SJ Holdings Company for the construction of the Pyeongtaek SJ Logistics Center.