True
Melcon, a semiconductor thermal-control equipment maker in its second day of trading, has continued to climb despite a broad semiconductor selloff, gaining in the 14% range.
The Korean market has been in a sharp downturn, with Samsung Electronics and Hanmi Semiconductor names posting double-digit losses and the KOSPI falling 7.57%. Melcon, which listed on the KOSDAQ two days prior, has moved against this trend, extending gains for consecutive sessions and rising into the 14% range.
Melcon produces THC temperature- and humidity-based thermal-control equipment, including its XCDA product line, according to the company's official website.
Market pricing data was drawn from Naver Securities, which provides KRX data, after direct access to the KRX Information Data System was blocked by a login wall. Regulatory filings, including the securities registration statement, were reviewed directly on the DART disclosure system via filing numbers after the search interface returned empty results. In total, eight primary sources were reviewed.
Verdict: True