[Market Focus] Tae Sung Jumps 16% on News of Composite Copper Foil Supply Contract with Major Domestic Conglomerate

Tae Sung is showing strong performance in early trading.

As of 9:08 a.m. on November 7, Tae Sung was trading at 36,900 won, up 16.40% (5,200 won) from the previous day.

Investor sentiment appears to have been boosted by news that the company has signed a supply contract for composite copper foil materials with a major domestic conglomerate, Company A. Tae Sung specializes in equipment for PCB (printed circuit boards), glass substrates, and composite copper foil for secondary batteries.

Having pursued joint development with Company A in the composite copper foil sector for over a year, Tae Sung will now supply composite copper foil materials that are electroplated using its proprietary copper plating equipment onto films pre-treated by Company A, as part of this supply contract.

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