[Featured Stock] Autonomous Vehicles Run Through the Heart of Gangnam... Motrex and Others Hit Upper Limit Rally

On the 9th, a test drive event for the autonomous vehicle 'RoboRide' pilot service was held at the Hyundai AutoEver building on Teheran-ro, Gangnam-gu, Seoul. Won Hee-ryong, Minister of Land, Infrastructure and Transport, and Oh Se-hoon, Mayor of Seoul, are taking a commemorative photo. Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Ji Yeon-jin] On the 10th, as expectations for the commercialization of autonomous vehicles grow, related stocks are soaring.

Motrex, a manufacturer of autonomous vehicle parts, has been trading at 15,7000 KRW, up 29.75% compared to the previous day, just five minutes after the market opened. Lanic, which has intelligent transportation system technology, also surged to the price limit (29.95%) of 9,460 KRW within about 20 minutes of opening.

In addition, companies with autonomous driving-related technologies such as Infobank and Mobile Appliance, which supply smart car-related software to Hyundai Motor Group, Gaonchips, Purentier, and Daesung Eltec recorded increases of more than 10%.

The Ministry of Land, Infrastructure and Transport announced the day before that it would conduct Level 4 autonomous driving pilot operations and technology demonstrations in Gangnam-gu and Seocho-gu, the most congested traffic areas in Seoul, in collaboration with the Seoul Metropolitan Government and Hyundai Motor Company, which is interpreted as the reason for the surge in these stocks. Level 4 autonomous driving refers to high-level automation where the vehicle drives itself in specific sections.