[Market Focus] Samryung Moolsan Surges 12% on Hopes for Accelerated Anti-Plastic Initiatives

Samryung Moolsan is showing strong gains in early trading.

As of 9:05 a.m. on August 7, Samryung Moolsan was trading at 9,890 won, up 12.77% (1,120 won) from the previous day.

Investor sentiment appears to have been boosted by reports that the Ministry of Environment recently presented detailed implementation plans related to the anti-plastic roadmap pledge to the National Planning Committee. Previously, the Lee Jaemyung administration identified the creation of RE100 industrial complexes, operated with renewable energy sources, as its top policy priority last month and announced plans to establish and implement an "anti-plastic roadmap" within the year.

On this day, Samryung Moolsan, along with Serim B&G, which was up 8.91%, also hit the upper price limit in after-hours trading the previous day. The "UN Plastic Convention" held in Geneva, Switzerland, also appears to have triggered buying interest in anti-plastic-related stocks.