Aekyung Chemical's share price is the talk of the town. As of 10:12 am on the 14th, Aekyung Chemical's share price is trading at 16,600 KRW, up 2,570 KRW (13.5%) from the previous trading day. Furthermore, the company has recently set a new 52-week high, trading at 22,650 KRW, up 19.02% from the previous day.

The backdrop to this share price rise is the company's announced strategy to target the market for lightweight EV components. On the 5th, Aekyung Chemical announced that it would target the market for lightweight EV components using prepregs based on carbon fibers and SMC, an interior material for electric vehicles. SMC, an environmentally friendly carbon fiber, is a representative lightweight material developed by Aekyung Chemical in 2021. Through this, the company has announced a goal to achieve 4 trillion KRW in sales in the EV materials sector by 2030.<

"The need for materials that are strong yet lightweight is growing across industries, led by the automotive industry," an Aekyung Chemical official said, supporting the share price rise. "We will continue to focus on research and development and carefully expand our business into areas such as secondary battery sectors."

On the other hand, if we look at the recent one-week trading history of foreigners and institutions for Aekyung Chemical, foreigners sold a net 65,245 shares and institutions sold a net 43,054 shares. Nevertheless, the share price has risen 3.37% during the same period.