[Featured Stocks] Daewon Hwasung and EcoCap Hit Daily Upper Limits... Anticipation for US Electric Vehicle Rivian's IPO?

[Asia Economy Reporter Park So-yeon] Domestic related stocks have been hitting the daily upper limit for consecutive days ahead of the listing of the U.S. electric vehicle startup Rivian.

As of 9:35 a.m. on the 30th, Daewon Chemical is trading at 5,730 KRW on the KOSPI market, up 1,320 KRW (29.93%) from the previous day.

EcoCap hit the daily upper limit right after the market opened. On the KOSDAQ market, it is trading at 7,430 KRW, up 1,710 KRW (29.9%) from the previous day, reaching the price limit.

Daewon Chemical is known to have a cooperative relationship with Rivian in seat materials, while EcoCap is cooperating in wiring harnesses and other areas.

Daewon Chemical has a market capitalization of 236.4 billion KRW, ranking 584th on the KOSPI. Established in 1974, it was listed on the KOSPI market in 1997. Its main businesses are synthetic leather, wallpaper, and refining. Sales are composed of 5.8% from the wallpaper sector and 89.2% from the synthetic leather sector.

EcoCap has a market capitalization of 108.2 billion KRW, ranking 898th on the KOSDAQ. Founded in 2007 for the purpose of manufacturing automobile parts, it was listed on the KOSDAQ in 2018. It mainly produces automotive wires, wiring harnesses, bulb sockets, and LED module products. Its Mexico factory began mass production in 2019.

This content was produced with the assistance of AI translation services.