Wahshin Precision Engineering is experiencing strong gains amid expectations of a collaboration with Boston Dynamics.
According to the Korea Exchange, as of 10:03 a.m. on June 11, Wahshin's shares rose by 630 won (14.22%) to 5,060 won. Early in the trading session, the stock surged by as much as 29.80%, reaching a high of 5,750 won before pulling back slightly.
The surge in stock price is attributed to the potential partnership with Boston Dynamics, a robotics subsidiary of Hyundai Motor Group. A media report indicated that engineers from Boston Dynamics visited Wahshin's headquarters in Yeongcheon, North Gyeongsang Province, on June 5 to explore the possibility of supplying components for humanoid robots.
Wahshin Precision Engineering specializes in manufacturing automotive parts and possesses advanced precision machining technology. Market analysts believe that the prospect of participating as a supplier in Boston Dynamics' ongoing humanoid robot development has fueled investor interest.
Due to the rapid increase in stock price, the Korea Exchange designated Wahshin as an investment warning stock the previous day. Consequently, investors must pay a 100% margin when purchasing shares, and new purchases through margin trading are restricted. If the stock price continues to rise significantly after the warning designation, trading may be temporarily suspended.
* This article has been translated by AI.
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