Shares of Aekyung Industrial Co. rose early on the 29th on news that the company discovered a new material that alleviates hair loss symptoms.
At 9:29 a.m. on the 29th, Aekyung Industrial Co. was trading on the Korea Exchange at 13,550 won, up 390 won (2.96%) from the previous day.
Investors appeared to pile into buy orders after an announcement that Aekyung Industrial Co. developed a new hair loss–relief material from an extract of the traditional medicinal herb Corydalis.
According to Aekyung Industrial Co., L-tetrahydropalmatine (L-THP), a component derived from Corydalis, has the efficacy of promoting the activation of human dermal papilla cells and outer root sheath cells and inducing the expression of factors involved in hair growth. In particular, tests on human hair follicles also showed that it helped hair grow and inhibited follicle regression, a company official said.
Aekyung Industrial Co. plans to actively apply L-THP to its premium hair care lineup, including shampoos and liquid scalp care products.