Kolon Life Science's stock price is down nearly 4% as of 10 a.m. on the 17th. The decline is likely due to a fire at the Kolon Life Science plant No. 2 in Eomo-myeon, Gimcheon, North Gyeongsang Province, the previous day.

A fire breaks out at Kolon Life Science's Gimcheon Plant in the Gimcheon Industrial Complex in Eomo-myeon, Gimcheon City, North Gyeongsang Province around 10:08 PM on the 16th./Courtesy of Yonhap News Agency

On this day, Kolon Life Science's shares are trading at 24,200 won, down 950 won (3.78%) from the previous day as of 9:53 a.m.

A fire broke out at the Kolon Life Science plant No. 2 in Gimcheon, North Gyeongsang Province, around 10:08 p.m. the previous day. One employee was hospitalized for smoke inhalation, while seven others evacuated on their own. Fire authorities issued a phase 1 response, deploying all personnel from the local fire station. The fire was contained around 4 a.m. on the 17th, and the response phase was lifted.

The Kolon Life Science plant No. 2 had experienced a fire in June, resulting in a phase 1 response being issued. At that time, property damage amounted to 14.7 billion won.