[Special Stock] Taekyung BK Surges on Exclusive Deal With U.S. Firm Amid Tariffs on Chinese Graphite

Shares of Taekyung BK, a company that produces key materials for synthetic graphite, are showing strong performance. This appears to be due to the spotlight on the company's exclusive domestic supply contract with a leading U.S. petroleum coke company, following the United States' decision to impose heavy tariffs on Chinese graphite.

As of 10:11 a.m. on July 18, shares of Taekyung BK were trading at 5,290 won, up 4.55% from the previous day.

This is believed to be influenced by the U.S. Department of Commerce's preliminary decision to impose a 93.5% anti-dumping tariff on Chinese graphite, a core material for battery anodes. The Department of Commerce is scheduled to make its final decision on December 5.

Taekyung BK exclusively produces and supplies coke, an essential material for secondary battery anodes. The company has a domestic exclusive supply agreement with Oxbow, the world's leading U.S. petroleum coke company, and holds a monopoly in the coke market.