Gaon Cable Shares Fall for Third Consecutive Trading Day

Gaon Cable's stock price has been declining for three consecutive trading days. During the session on the 12th, the stock fell 25,000 won to 275,000 won, and as of that morning it was trading in the 270,000-won range. The continued decline shows the stock remaining weak.

Entry into U.S. Nuclear Power Cable Market... Investment in Production Facilities at Tarboro Plant

Amid this, Gaon Cable announced on the 12th a production facility investment plan aimed at entering the U.S. nuclear power cable market. The company said it plans to newly equip its Tarboro plant in North Carolina, operated by U.S. production subsidiary LSCUS, with facilities for producing nuclear power cables. The core of the plan is to establish equipment for manufacturing nuclear power cables at the U.S. local production subsidiary, and Gaon Cable intends to enter the U.S. nuclear power cable market through the Tarboro plant.

Investment Scale and Operation Timing Unspecified... Share Price Decline and Announcement Should Be Viewed Separately

However, the announcement is limited to a plan to build production facilities. The provided materials do not include the specific investment scale or the timing of facility operation, so actual production schedules or supply volumes cannot be considered confirmed. In addition, while the stock has been falling for three trading days, no evidence was presented directly linking that day's decline to the nuclear power cable production facility plan. The stock price trend and the company's plan to enter the U.S. market should be examined separately.

[This article was written based on provided market data and the company's announcement, and does not constitute investment advice. Stock prices may fluctuate, and investment decisions and the responsibility for them rest with the investor. AI assistance was used in writing this article.]