AI Korea, listed on KOSDAQ, was strong early on the 6th. The gain was seen as driven by growing expectations for earnings after news that it registered a patent for a zero-carbon internal combustion engine technology that uses ammonia as fuel.
As of 9:14 a.m., AI Korea was trading at 6,910 won, up 570 won (8.99%) from the previous session.
AI Korea, a next-generation energy and industry integrated solution corporations, said before the regular session opened that it registered a patent for an "ammonia combustion system for internal combustion engines." With this patent, the company secured exclusive rights to plasma-based ammonia combustion technology and established a core technology foundation for commercializing zero-carbon internal combustion engines.
AI Korea said the technology can be widely applied not only to existing internal-combustion-based mobility such as large ships and automobiles, but also to large-scale industrial power generation facilities.
An AI Korea official said, "We plan to target industrial and power-generation facilities and shipbuilding as our initial strategic markets," adding, "After first proving the technology in the power generation and shipping markets where carbon emission regulations are tightening, we will expand into the automotive engine market."