Shares of Korea Securities Dealers Automated Quotations (KOSDAQ) listed company Rainbow Robotics are on the rise, setting a new one-year high early in the trading session on the 4th. The increase in stock price is interpreted as being influenced by Samsung Electronics' plans to develop humanoid robots.
As of 10:02 a.m. on this day, Rainbow Robotics shares are trading at 332,000 won, up 9,500 won (3.07%) from the previous trading day. The stock price soared to 356,000 won early in the session, also setting a new one-year high.
It is interpreted that the buying trend has increased following Samsung Electronics' announcement on the 31st of last month that it would quickly prepare for the development of advanced future robots, including humanoids. After showing a downward trend for three consecutive trading days from January 22 to 24, Rainbow Robotics' stock price rose by 21.26% (52,500 won) on the day of the announcement and also increased by 3.34% the previous day.
Rainbow Robotics is a company founded by researchers from the Korea Advanced Institute of Science and Technology (KAIST) Humanoid Robot Research Center, which developed the country's first bipedal robot, HUBO. On December 31 of last year, it was included as a subsidiary in the consolidated financial statements of Samsung Electronics.