[Special Stock] Daehan Jedang Rises 9% on Aspartame Carcinogen Designation Notice

The Korea Sugar Corporation is experiencing a sharp rise in stock price following the World Health Organization (WHO) announcement classifying aspartame as a carcinogen. Aspartame is known to be primarily used in zero-calorie beverages that significantly reduce calories by removing sugar.

As of 9:36 AM on the 30th, Korea Sugar Corporation's stock price is at 3,435 KRW, up 9.6% compared to the previous trading day. During the day, the stock price surged to 3,580 KRW. This reflects the expectation that demand for sugar will increase if aspartame is designated as a carcinogen.

The International Agency for Research on Cancer (IARC), under the WHO, plans to classify aspartame for the first time on the 14th of next month as a "possibly carcinogenic to humans (Group 2B)" substance. Aspartame is known to be 200 times sweeter than sugar. It was discovered in 1965 but has recently gained more attention as an alternative to sugar.

Previously, the WHO stated that artificial sweeteners have no long-term effect on weight control and may even increase the risk of diabetes and heart disease.

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