[Special Stock] IrenTech Rises Amid Metaverse Boom... Samsung's 'AR Glasses' Spotlighted
[Asia Economy Reporter Yoo Hyun-seok] IrenTech is showing strong performance. Amid the strong trend of metaverse-related stocks, the spotlight on Samsung Electronics' augmented reality (AR) glasses appears to have had an impact.
As of 1:52 PM on the 3rd, IrenTech was trading at 8,700 KRW, up 8.89% (710 KRW) compared to the previous trading day.
On this day, positive outlooks on the metaverse industry emerged in the stock market. As a result, stocks of companies related to augmented reality and gaming are showing a sharp rise.
IrenTech previously showed strength following news of Samsung Electronics' AR glasses patent registration in the United States. This is interpreted as highlighting IrenTech's smart glasses technology.
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Meanwhile, IrenTech is a supplier of battery packs, phone cases, and chargers to Samsung Electronics and Samsung SDI. From 2012 to 2015, it participated in a Ministry of Science, ICT and Future Planning national project developing advanced smart glasses terminals implementing augmented reality and virtual reality (VR), accumulating related technologies.
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