[Market Focus] De-Plasticization Stocks Surge... Samryung Materials Hits Upper Price Limit

On the morning of July 11, shares related to the de-plasticization sector, including Samryung Materials, showed strong performance in the domestic stock market.

As of 10:20 a.m. on this day, Samryung Materials was trading at the upper price limit, with its share price up 29.97% from the previous session to 10,060 won per share. At the same time, CTK and Ecoplastic were also showing strong gains of around 16%. Green Chemical was up by more than 8% as well.

This surge is attributed to heightened expectations surrounding eco-friendly stocks after the Lee Jaemyung administration announced the previous day that establishing RE100 industrial complexes powered by renewable energy sources would be its top policy priority.

Stocks classified as eco-friendly, particularly those related to de-plasticization, had also shown strong performance last week, immediately after President Lee announced plans to formulate and implement a "De-Plasticization Roadmap" within the year. Samryung Materials, a representative stock in this sector, primarily manufactures sanitary paper containers for liquid beverage packaging.