[Featured Stock] Kolon Global Designated as Auxiliary Port for Giant Whale Drilling at Pohang Yeongilman Port... Stake Spotlighted Upward

Kolon Global is showing strong performance. It is interpreted that this is influenced by the news that Yeongilman Port in Pohang, Gyeongbuk, which was previously excluded from the ‘Great Whale Project’ main port, has been designated as an auxiliary port for the project.

As of 1:50 PM on the 25th, Kolon Global is trading at 10,530 KRW, up 5.09% compared to the previous day.

On the same day, Pohang City announced, "Yeongilman Port will participate as an auxiliary port for the ‘Great Whale Project,’ a deep-sea gas field development project in the East Sea, where the first exploratory drilling is scheduled to begin next month."

The drilling work for the Great Whale Project is planned to start in mid-next month once the plan is approved and will continue for about 40 days. The contract for ‘auxiliary port facility lease and cargo handling services’ for the first exploratory drilling was signed between Yeongil New Port and the Korea National Oil Corporation.

Accordingly, Yeongilman Port will perform the role of an auxiliary port by supplying additional equipment if necessary during the drilling process and promoting emergency cargo handling to ensure safety.

Meanwhile, Kolon Global is the second-largest shareholder of Pohang Yeongil New Port, holding a 15.34% stake.