[Featured Stock] Sungshin Cement Rises 10% on News of Affiliate's Industry-First Low-Carbon Certification

Sungsin Cement is showing strong performance in the early trading session. The news that its affiliate's main product received the industry's first low-carbon product certification is interpreted as having stimulated investor sentiment.

At 9:09 AM on the 18th, Sungsin Cement was trading at 8,380 KRW, up 9.97% (740 KRW) from the previous day. The preferred stock, Sungsin Cement Preferred, hit the upper limit price of 14,700 KRW.

Earlier, Sungsin CM, an affiliate of Sungsin Cement, announced that its three types of ground granulated blast furnace slag powder products for concrete production and sales received the industry's first low-carbon product certification from the Environmental Performance Label Certification Review Committee under the Korea Environmental Industry & Technology Institute, affiliated with the Ministry of Environment. These products, used as construction materials alongside cement, contribute to reducing natural resource extraction and lowering carbon dioxide emissions.

The Environmental Performance Label certification is a system that quantitatively evaluates the environmental impact generated throughout the entire process from production to disposal of a product and provides information to consumers. The products certified this time by Sungsin CM showed excellent results in the carbon footprint category among seven environmental performance items?resource footprint, carbon footprint, ozone layer impact, acid rain, eutrophication, photochemical smog, and water footprint?compared to peers in the same industry, officially recognizing them as eco-friendly products.