Rainbow Robotics' stock price is strong in early trading on the 6th. Along with the news of its incorporation as a subsidiary of Samsung Electronics, the rally in robotic stocks has resulted in a new high for the year.
As of 9:36 a.m. on this day, Rainbow Robotics is trading at 240,000 won, up 7,000 won (3.00%) from the previous trading day. In early trading, the price rose to 245,000 won, setting a new high for the year.
Rainbow Robotics began its upward trajectory after Samsung Electronics announced on Dec. 31 that it would incorporate Rainbow Robotics as a subsidiary. Over the last two trading days (Jan. 2-3), the stock surged 43.21% from 162,700 won to 233,000 won.
Rainbow Robotics is a robotics company established in 2011 by researchers from the KAIST Hubo Lab, which developed the nation’s first bipedal robot, 'Hubo.' With the news of Samsung Electronics' incorporation of Rainbow Robotics, there are expectations of heightened competition in the global robotics market regarding humanoid and artificial intelligence (AI) investment and development, leading to an overall rise in robotic stocks.
Lee Ji-ho, a researcher at Meritz Securities, noted, "Samsung Electronics established a Future Robot Promotion Division directly under President Han Jong-hee while increasing its equity stake in Rainbow Robotics," and said, "The integration of Samsung Electronics' AI and software technology with Rainbow Robotics' robotic hardware technology is expected to accelerate humanoid development."