Boratial is showing strong performance. It is interpreted to be influenced by the news that the only domestic refined salt supplier has stopped factory operations.
As of 10:39 AM on the 25th, Boratial is trading at 13,010 KRW, up 16.26% compared to the previous day.
According to the industry, an accident occurred on the 15th at the seawater intake facility maintenance work at the salt manufacturing factory of the company Hanju located in Ulsan, where a worker died. The Ulsan branch of the Ministry of Employment and Labor immediately issued a work stoppage order under the Industrial Safety and Health Act and began an investigation to determine a serious accident.
With Hanju's salt factory operations halted for ten days, the food industry is on alert. Refined salt is about half the price of solar salt. It contains fewer impurities and has a uniform concentration, making it used in almost all food manufacturing such as snacks, bread, noodles, sauces, and kimchi. Hanju is the only company in Korea that can produce refined salt.
Meanwhile, Boratial sells edible sea salt, Boratial solar salt, through distributors.
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