LK Samyang has recorded its upper limit for the second consecutive day. Following news of the construction of the second space center, the company gained attention as a space-related stock, and further interest surged with the announcement that it will supply camera modules for the Ministry of National Defense's drone project.
As of 10:29 a.m. on August 11, LK Samyang's stock was trading at 1,055 won, up 29.93% (243 won) from the previous trading day. After closing at the upper limit the day before, the stock rose to the price ceiling again shortly after the market opened.
The rise in stock price appears to be influenced by news related to the defense ministry's drone project. LK Samyang, an optical specialist, announced that it will supply camera modules to the final selected drone manufacturers for the ministry's educational commercial drone procurement project.
Investors are optimistic that supplying camera modules, a key component of drones, will allow the company to expand its business into the defense sector. Following a significant surge in stock price due to space-related news, the additional business announcement has continued the upward trend.
Previously, LK Samyang also reached its upper limit as a space-related stock after the government announced it would begin the selection process for the second space center's candidate sites. The combination of expectations for the expansion of the aerospace industry due to the second space center's construction and news related to the defense drone project has led to a concentrated buying trend in LK Samyang's stock in the short term.
* This article has been translated by AI.
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