Geumgang Industry, Ukrainian Deputy Prime Minister's "Request for Korean Modular" Raises Expectations Sharply

[Asia Economy Reporter Hwang Junho] As Ukraine's Deputy Prime Minister expressed hope that "Korea, which possesses modular (prefabricated) housing technology, would provide assistance" for reconstruction projects, the stock price of Kumkang Industrial, a domestic modular construction company, is rising.

As of 10:04 AM on the 4th, Kumkang Industrial's stock price recorded 7,440 KRW, up 7.05% from the previous close. The rise in stock price appears to be driven by expectations of possible participation in Ukraine's reconstruction efforts.

Irina Vereshchuk, Ukraine's Deputy Prime Minister and Minister for Reintegration of Temporarily Occupied Territories, requested Korea's help in the war reconstruction process through a domestic media outlet on the same day. She said, "We would like to request support for modular housing construction from Korea," adding, "We know that Korea's technology is excellent. As winter is approaching, securing housing is especially important for us."

Kumkang Industrial is a comprehensive manufacturer of steel pipes and construction scaffolding materials, developing and supplying modular housing. In 2019, it completed the establishment of a public housing demonstration complex and has been actively introducing modular construction methods in the public rental housing sector since 2020.

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