[Market Focus] President Lee Announces "Roadmap for Phasing Out Plastics"... Related Stocks Surge

On July 3, President Lee Jaemyung announced on Facebook, in commemoration of 'World Plastic Bag Free Day,' that "for the health and safety of our people and a sustainable future, we will establish a roadmap for phasing out plastics within this year and implement it without delay." Following this statement, domestic stocks related to plastic alternatives surged.

As of 11:11 a.m. on July 3, Samryung Mulsan was trading at 7,340 won, up 1,690 won (29.91%) from the previous trading day. Samryung Mulsan, a company specializing in packaging materials, manufactures liquid beverage containers made of paper and is classified as a plastic alternative stock.

At the same time, Ecoplastic rose by 17.90%, while other plastic alternative stocks such as Serim B&G (12.40%), CTK (10.92%), and Korea Package (9.50%) also showed strong gains.

President Lee stated, "Starting next year, we will make it mandatory to use recycled materials in PET bottles for drinking water and beverages, thereby establishing a system of virtuous resource circulation." He added, "For all electrical and electronic products, except for industrial and medical devices, manufacturers and importers will be required to collect and recycle them, which is expected to structurally reduce the problem of plastic waste."