With the news of the development of lithium metal battery electrolyte technology in collaboration with domestic researchers, Samhwa Paint Industrial Co. has seen a rapid increase in its stock price for the second consecutive trading day.
According to the Korea Exchange on March 20, Samhwa Paint is trading at 10,490 won (US$7.83) as of 10:14 am on the same day, showing an increase of 1,920 won, or 22.26 percent, compared to the previous trading day. The company has experienced a three-day consecutive rise, with a total increase of 60.38 percent. On March 19, it closed at the daily limit up.
On this day, while foreign investors and institutions each sold 780 and 120 million won worth of shares, respectively, individual investors were identified as net buyers, purchasing 980 million won worth of stocks.
On the same day, a team of researchers from KAIST’s Department of Chemical and Biomolecular Engineering, led by Professor Choi Nam-soon, announced the development of a lithium metal battery electrolyte technology that boasts world-class efficiency and energy density. The collaborative research team reportedly developed a high-voltage solvent that maximizes the performance of lithium metal batteries by synergizing with additives that protect the electrodes.
Earlier last month, Samhwa Paint announced that it had acquired a patent for manufacturing additives for lithium secondary battery electrolytes in collaboration with Professor Choi’s research team. This recent research achievement has garnered significant attention and interest from investors.