DK Lock is showing strength. The news that Won Hee-ryong, Minister of Land, Infrastructure and Transport, will attend a conference to participate in the Ukraine reconstruction project has led the securities industry to identify DK Lock as a beneficiary, which is believed to be influencing the stock.
As of 10:12 AM on the 22nd, DK Lock is trading at 11,210 KRW, up 1.17% from the previous day.
Minister Won Hee-ryong visited Warsaw, Poland, the day before, meeting with high-level officials from Poland and Ukraine to begin discussions on participation plans for Ukraine's reconstruction. In particular, he is seeking ways to establish a cooperative relationship through a memorandum of understanding (MOU) with Ukraine's Ministry of Infrastructure.
Minister Won plans to introduce Korea's reconstruction experience and express his intention to provide Ukraine with a 'K-Development Platform' that incorporates Korea's unique know-how, including smart cities, advanced industrial complexes, and IT-based transportation networks.
This is a foundational effort to enable Korean companies and the public sector to participate in the Ukraine reconstruction project. In Ukraine, there is expected to be significant demand for rebuilding railways, roads, and military facilities destroyed by the Russian invasion, while Poland, as a European hub for reconstruction, is expected to host rear supply bases and military airports.
Meanwhile, the securities industry has analyzed that DK Lock is likely to benefit from the Ukraine reconstruction. On the same day, Park Jang-wook, a researcher at Daishin Securities, stated, “DK Lock secured orders worth about 10 billion KRW in Uzbekistan last January, and since it has a sales network in the surrounding region, there is a possibility of benefiting from Ukraine's reconstruction.”
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