Korea’s growth forecast 2.6% upgrade lifts Eugene Technology and Wonik IPS
An international organization has raised Korea’s growth forecast to 2.6%. Buying intensified around equipment and materials, parts and equipment stocks as the two leading semiconductor companies paused for breath, with Eugene Technology and Wonik IPS showing strong momentum.
The international organization raised its growth forecast for Korea in 2026 to 2.6%. Its announcement identified improving conditions in the semiconductor industry as a factor behind the upgrade. The size of the increase is relatively large among the major-country group.
In the domestic stock market, equipment stocks showed strength as major semiconductor hardware companies remained in a correction phase. Eugene Technology and Wonik IPS showed moves approaching the upper price limit during the session on 4. Market sources said buying was concentrated in the materials, parts and equipment and robotics sectors.
SMEC disclosed that the company’s chairman and CEO purchased the company’s own shares on the market on 4. According to the disclosure, the purchases were made through on-market transactions on the exchange. The company said the purpose of the purchases was to increase their holdings.
Chairman Chey Tae-won is scheduled to meet with the chairman of TSMC to discuss cooperation on semiconductors for AI, following his meeting with Jensen Huang of NVIDIA. The related moves were 6introduced as an extension of a series of meetings held at the beginning of the month. The purpose of the meetings was described as strengthening cooperation between the companies.
Small- and mid-cap stocks responded to individual positive catalysts that day. Digens reached the upper price limit during trading, touching 689won per share. Trading was reportedly active among stocks related to materials, components and equipment, as well as robotics.