Environment-friendly S.Korean firms surge as govt unveils $95 bln project

GC MediAI

14/07/2020 07:04

** Shares of South Korean companies engaged in digital
technologies and environment-friendly industries surge after the
government announces "Green New Deal" project worth $95 billion 
    ** Govt plans to spend 114.1 trln won ($94.56 bln) of
government funds until 2025 to promote environment-friendly
industries powered by digital technologies, including hydro
cars, smart grids and telemedicine  urn:newsml:reuters.com:*:nS6N29P01A
    ** Hydro car-related patent holder Sambo Motors Co Ltd
 053700.KQ  and Kolon Materials Inc  144620.KS  surge as much as
30% and 25.9%, respectively
    ** Neofect Co Ltd  290660.KQ , a medical device producer,
and UBCare Co Ltd  032620.KQ , a business engaged in healthcare
solutions, rise as high as 11.8% and 23.1% each
    ** Broader KOSPI .KS11  and junior KOSDAQ  .KQ11  down 0.57%
and 0.48%, respectively, as of 0553 GMT
    
    ($1 = 1,206.5900 won)

 ((joori.roh@thomsonreuters.com; +82 2 6936 1493;))