Susan Heavy Industries is showing strong performance. This is interpreted as being influenced by President Yoon Suk-yeol's statement that South Korea will send a government representative for reconstruction support to the official Ukraine peace ministerial meeting.
As of 2:01 PM on the 30th, Susan Heavy Industries is trading at 1,780 KRW, up 4.34% compared to the previous day.
According to the presidential office on the day, President Yoon Suk-yeol had a phone call with Canadian Prime Minister Justin Trudeau, discussing North Korea's deployment of troops to Russia and security and defense cooperation between the two countries. President Yoon said, "South Korea will also send a government representative for Ukraine reconstruction support to the official Ukraine peace ministerial meeting to be held soon in Canada."
Prime Minister Trudeau responded, "The deployment of North Korean troops to Russia increases the likelihood of escalation in the Ukraine war," adding, "Since this will affect security across Europe and the Indo-Pacific region, the two countries should closely cooperate and respond together."
Meanwhile, Susan Heavy Industries is known to hold the number one market share in domestic special equipment sectors such as hydraulic breakers, hydraulic drills, and truck cranes. It is also reported that their hydraulic breakers rank sixth in the global market share.
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