[Featured Stock] Nexteel Surges 14% on News of Participation in Daewang Whale Project...

Nexteel, a steel reprocessing company in Pohang, is showing strong performance in early trading on the 21st following news that it will supply special steel pipes for the 'Daewang Whale Project.'

At 9:10 AM that day, Nexteel was trading at 9,170 KRW, up 14.77% (1,180 KRW) from the previous trading day.

The stock price was driven up by the news that Nexteel was selected on the 17th for the Korea National Oil Corporation's drilling equipment bidding project.

Earlier, Pohang City announced on the 20th that Nexteel had participated and been selected in the Korea National Oil Corporation's drilling equipment bidding project on the 17th. Accordingly, the global company Nexteel will participate in drilling operations for the first time domestically by supplying special steel pipes.

The 'Daewang Whale Project' for deep-sea gas field exploration and development in the East Sea will officially begin with the first exploratory drilling near Yeongil Bay in December this year.