Published 21 May.2020 14:47(KST)
Updated 12 Jan.2021 07:02(KST)
[Asia Economy Reporter Park Hyungsoo] Hurim Robot's stock price is soaring. The explosive increase in global robot demand due to the impact of the novel coronavirus infection (COVID-19) appears to have influenced growth expectations reflected in the stock price.
As of 2:45 PM on the 21st, Hurim Robot is trading at 985 KRW, up 17.68% from the previous day.
According to Hana Financial Investment, industrial robot production in China, which accounts for about 30% of the global robot market, has significantly increased since April. In April, China's industrial robot production reached 19,257 units, a 49.1% increase compared to 12,917 units a year earlier. The rise in average wages for urban workers in China and the decreasing prices of industrial robots have narrowed the gap, leading to increased demand for industrial robots.
Park Muhyun, a researcher at Hana Financial Investment, analyzed, "COVID-19 has become an opportunity to bring to the forefront robot investments that had quietly been increasing beneath the surface." He added, "Investment demand for robots is rapidly increasing not only for collaborative robots in industrial sites but also in all fields such as service and distribution sectors encountered in daily life, and unmanned kiosks."
Hurim Robot is advancing its robot business with ‘Temi,’ a robot that combines three core technologies: artificial intelligence (AI), mobility, and video. It enables automatic voice recognition and conversation anywhere with a network. It provides clear video call services. Additionally, it offers high-performance autonomous driving, AI services, guidance, escort, delivery and transportation, and security services.
Recently, Hurim Robot also introduced a COVID-19 smart quarantine service through ‘Temi.’
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