On the 23rd, shares related to gas pipelines are showing strength. This comes after reports that the United States and Japan will proceed with a joint investment in liquefied natural gas (LNG) in Alaska.
As of 9:20 a.m. on the 23rd, DONG YANG STEEL PIPE, a specialty company in steel pipes, is trading at 1,875 won, up 116 won (6.59%) from the previous trading day in the securities market.
Other steel corporations such as HISTEEL (15.06%), NEXTEEL (4%), and SeAH Steel (6.1%) are also showing strength, as they are grouped with stocks related to Alaska LNG.
According to Reuters on the 23rd, on the 22nd (local time), U.S. President Donald Trump stated that Japan has agreed to establish a joint venture for LNG in Alaska with the United States. If Japan's participation in the Alaska LNG project is confirmed, expectations are rising for the possibility of participation by Korea as well.