The stock price of HDC Labs, a smart home company affiliated with the HDC Group, is soaring.
As of 9:50 AM on the 13th, HDC Labs' stock was trading at 10,130 KRW, up 26.62% compared to last week's closing price. The stock price has surpassed 10,000 KRW again for the first time in about 1 year and 10 months since July 2022.
HDC Labs belongs to the construction industry, which is currently in a recession, but expectations for performance improvement are growing. Unlike general construction companies that focus on housing construction, it provides residential and construction solutions incorporating ICT technologies such as home control systems, smart lighting, smart parking lots, and data centers.
Recently, it also signed a strategic business cooperation agreement (MOU) with Coway. The plan is to create partnership products applying HDC's home system technology to Coway's water purifiers and bidets to generate business synergy.
Currently, it has cooperative relationships with 15 general construction companies, including POSCO Construction. By supplying home care systems integrated with ICT, expectations for increased sales and profits are rising. It is known to plan orders worth 720 billion KRW and sales of 660 billion KRW this year.
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