[Special Stock] Hankook Carbon Hits New High Amid Shipbuilding Industry Upturn

Korea Carbon hit a 52-week high. As shipbuilding stocks, which had recently rallied, faced profit-taking selling pressure, demand appears to be shifting to related equipment stocks.

As of 9:11 a.m. on the 19th, Korea Carbon was trading at 16,030 KRW, up 8.97% (1,320 KRW) from the previous close. This marks the third consecutive day of gains. During the session, the price surged to 16,620 KRW, setting a new 52-week high.

Korea Carbon manufactures insulation materials for the cargo holds of liquefied natural gas (LNG) carriers. With former President Donald Trump emphasizing dominance in fossil fuels such as oil and gas drilling, domestic shipbuilders with strengths in LNG carriers have seen their stock prices rise recently. This has led to buying interest flowing into Korea Carbon, which supplies equipment to these companies.

Among shipbuilding stocks, which are up 1.5% today, Hyundai Group’s shipbuilding affiliates such as HD Korea Shipbuilding & Offshore Engineering (4%), HD Hyundai Mipo Dockyard (3.4%), and HD Hyundai Heavy Industries (3.32%) are showing strong performance following Korea Carbon.