Pungguk Jujeong is showing strength. It is interpreted that Pungguk Jujeong, which manufactures argon gas, a substitute for germanium gas, was affected by the news that China will restrict exports of gallium and germanium, essential minerals for semiconductors.
As of 10:41 AM on the 6th, Pungguk Jujeong is trading at 14,060 KRW, up 4.38% from the previous day.
On the 3rd, China's Ministry of Commerce announced, "From the 1st of next month, gallium and germanium will be subject to export controls." These two minerals are widely used in advanced semiconductors, military radar, light-emitting diode (LED) panels, and electric vehicles. China produces more than 80% of the global demand.
Regarding this, the Ministry of Trade, Industry and Energy stated in a phone interview with a media outlet that germanium gas is being replaced domestically by argon gas, so there is no significant disruption.
Pungguk Jujeong, through its subsidiary Seondo Industry, manufactures and supplies various industrial high-pressure gases such as oxygen, nitrogen, argon, helium, as well as medical gases, refrigerant gases, and mixed gases.
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