Seoul Viosys is showing strong performance. This is interpreted as being influenced by the news that it will collaborate on light-emitting diode (LED) research with the King Abdulaziz City for Science and Technology (KACST) in Saudi Arabia.
As of 9:46 a.m. on the 19th, Seoul Viosys is trading at 5,550 KRW, up 23.75% from the previous day. At this time, a dynamic VI is in effect.
According to the industry on the day, KACST signed a memorandum of understanding (MOU) with Seoul Viosys to establish an LED research institute at the 'Future of Semiconductors Forum 2023' held in Tuwal, Saudi Arabia on the 17th (local time).
KACST, established in 1977, is an agency directly under Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia. KACST is focusing on semiconductors as one of the advanced technologies leading Saudi Arabia's future.
Seoul Viosys is a company that handles visible light LEDs, ultraviolet (UV) LEDs, big cell LEDs, micro LEDs, and more. It holds about 4,000 patents related to LEDs. Leveraging its independently developed UV LED sterilization technology 'Biorez,' it ranks first in the global UV LED market.
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