Bitcoin-related stocks gained ground on Friday morning as the cryptocurrency continued to hit record highs.

Shares of Woori Technology Investment Co. were trading at 11,230 won ($8.17) as of 11:07 a.m., up 8.29 percent from the previous session.

Other cryptocurrency-related stocks also gained ground, with Hanwha Investment & Securities Co. up 2.26 percent to 7,230 won and Com2uS Holdings Corp. up 1.13 percent to 31,400 won.

The rise is driven by Bitcoin’s price hitting a new all-time high for the second consecutive day to trade at $116,474.

The recent easing of risk aversion - previously dampened by U.S. President Donald Trump’s tariff policies and broader economic uncertainty - has brought renewed momentum to the cryptocurrency market.

Meanwhile, renewable energy stocks surged Friday following news that the Korean government would push forward the development of Renewable Electricity 100 (RE100) industrial complexes.

Green Chemical Co. shares were trading at 8,540 won as of 11:11 a.m., up 7.83 percent from the previous day.

Other renewable energy-related stocks also gained, with Hanwha Solutions Corp. rising 2.74 percent to 35,650 won, HD Hyundai Energy Solutions Co. climbing 3.44 percent to 44,900 won, OCI Holdings Co. advancing 11.07 percent to 93,300 won, and SK eternix Co. up 1.55 percent to 23,000 won.

The rally came after the government on Thursday announced plans to introduce special legislation to establish RE100 national industrial complexes.

The government also plans to form a task force led by the Ministry of Trade, Industry and Energy, Ministry of Economy and Finance, and Ministry of Land, Infrastructure and Transport to create industrial zones that run entirely on renewable energy sources such as solar and wind.

President Lee Jae-myung reportedly instructed officials to “review designating RE100 industrial zones as regulatory-free areas in principle,” signaling strong support.

Separately, Korean semiconductor and electronics stocks saw strong gains on Friday following U.S. chip giant Nvidia Corp.’s market cap surpassing $4 trillion for the first time at closing.

Shares of Samsung Electronics Co. gained 2.46 percent to 62,500 won, while those of Samsung SDI Co. rose 6.05 percent to 180,600 won as of 11:15 a.m.

Shares of POSCO Future M Co. rose 7.57 percent to 139,300 won, L&F Co. soared 12.67 percent to 58,700 won, and EcoPro Materials Co. increased 7.22 percent to 52,700 won.

Nvidia shares closed at $164.10 overnight on Wall Street, up 0.75 percent, bringing its total market capitalization to $4.002 trillion - the world’s first-ever $4 trillion market cap on a closing basis.

Korean securities analysts suggested that this development would serve as a favorable catalyst for domestic semiconductor stocks, while also warning that recent inflows of foreign capital could trigger short-term consolidation pressures in the market.

Shares of Woori Technology Investment closed at 11,930 won, Hanwha Investment & Securities at 7,260 won, and Com2uS Holdings at 31,600 won.

Green Chemical finished at 8,190 won, up 3.41 percent from the previous session while Hanwha Solutions closed at 35,400 won and HD Hyundai Energy Solutions at 4,750 won.

Shares of Samsung Electronics closed at 62,600 won and POSCO Future M at 139,000 won.

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