[Featured Stock] On the First Day of KOSDAQ Listing... Phinmedics Up 120%

Fine Medics, which entered the KOSDAQ market on the 26th, is rising more than 120% on its first day of listing.

According to the Korea Exchange, as of 1:24 PM on the same day, Fine Medics is trading at 22,150 KRW, up 12,150 KRW (121.50%) from the public offering price of 10,000 KRW.

Founded in 2009, Fine Medics is a medical device manufacturer established by a practicing gastroenterologist and is the first company in Korea to domestically produce gastrointestinal endoscopy surgical instruments.

Last year, the company surpassed 10 billion KRW in sales and recorded an operating profit of 900 million KRW, successfully turning profitable. Fine Medics is especially attracting great attention for its world’s first hybrid-type submucosal dissection knife (ESD-Knife).