[Market Focus] Dongwon Industries Hits Record High on News of World's First Fish Detection Drone Development

Dongwon Industries has set a new 52-week high.

As of 9:05 a.m. on May 20, Dongwon Industries was trading at 47,100 won, up 1.73% (800 won) from the previous day. During the session, the stock jumped to as high as 47,500 won, breaking its previous 52-week record. This marks a six-day consecutive rise since May 13.

The surge in share price was driven by news that Dongwon Industries has developed the world's first drone dedicated to fish school detection. On this day, Dongwon Industries announced that, after two years of research and development, it will conduct a pilot deployment of its self-developed fish school detection drone on the purse seiner "OCEAN ACE." Unlike conventional general-purpose drones or helicopters, this drone was designed from the planning stage specifically for fish school detection. Dongwon Industries plans to sequentially introduce the drone to a total of 13 purse seiners by next year.

The drone, powered by batteries, does not require fossil fuels, making it more environmentally friendly and economical than existing helicopters. Dongwon Industries expects that the introduction of the fish detection drone will reduce annual fuel consumption by 200,000 liters and lower carbon emissions by approximately 500 tons. When combining fuel and maintenance costs, the company anticipates up to a 60% reduction in operating expenses.