[Special Stock] Baekkwang Industry Confirms Human-to-Human Transmission of 'Wuhan Pneumonia'... Producing WHO-Recommended Disinfectants
[Asia Economy Reporter Yoo Hyun-seok] Baekkwang Industry is showing strong performance. The stock price appears to be influenced as the novel coronavirus (2019-nCoV), known as 'Wuhan pneumonia' in China, has been reported to be transmissible between humans. Baekkwang Industry is known to produce products recommended by the World Health Organization (WHO) as coronavirus disinfectants.
As of 9:16 AM on the 21st, Baekkwang Industry was trading at 3,540 KRW, up 10.28% (330 KRW) compared to the previous trading day.
The previous day, a media outlet reported that Baekkwang Industry produces 'sodium hypochlorite,' known as a coronavirus disinfectant.
According to foreign media, the Chinese National Health Commission confirmed that some medical personnel have been infected with Wuhan pneumonia. Upon hearing this news, WHO convened an emergency committee composed of experts on the 22nd.
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Baekkwang Industry produces sodium hypochlorite, generating sales mainly from existing companies. However, the proportion of this product in total sales is minimal.
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