On the 18th, Sempio Foods' stock price surged sharply in the afternoon session of the stock market. This reflected expectations that K-sauce companies would also benefit following the recent steep rise in food companies' stock prices driven by K-food exports.
As of 2:50 PM on the day, Sempio Foods was trading at 40,150 KRW, up 15.37% from the previous day. The stock traded flat during the morning session but then rapidly surged to near the upper limit price of 45,000 KRW in the afternoon before undergoing some correction.
Sempio Foods exports sauce products such as gochujang, soy sauce, and Yeondu (cooking essence) to online and offline distribution chains in over 50 countries worldwide, including the United States. Recently, the export volume related to gochujang has been reported to be increasing sharply.
To meet the rising sales volume, Sempio Foods is constructing a new production plant on an 81,000㎡ (approximately 24,502 pyeong) site in the 2nd Industrial Complex in Jecheon, Chungbuk. The plant is scheduled for completion in 2028.
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