[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.
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