[Featured Stock] Hankook Tire & Technology Falls 3% Due to Factory Fire

Hankook Tire & Technology is showing weakness, falling 3% following the fire news at its Daejeon factory.

As of 9:13 a.m. on the 13th, Hankook Tire & Technology is trading at 35,550 KRW, down 3.13% from the previous trading day. Early in the session, the price dropped to as low as 35,200 KRW.

The weakness in Hankook Tire & Technology appears to be influenced by the fire that occurred overnight at the Hankook Tire factory in Moksang-dong, Daedeok-gu, Daejeon.

According to the fire authorities, the fire broke out around 10:09 p.m. the previous day. At 10:17 p.m., Response Level 1 was issued, which was then raised to Response Level 2 at 10:34 p.m., and further escalated to Response Level 3 at 2:10 a.m. on the 13th. When Response Level 3 is declared, firefighting forces from the local government fire headquarters are fully mobilized, and available firefighting personnel and equipment from neighboring areas can also be fully deployed.