[Edaily Reporter kyoungeun kim ] KumhoElectric(001210)continues to surge during trading on the 21st. According to MP Doctor, as of 9:20 a.m. today, KumhoElectric was trading at 9,670 won, up 2,210 won (29.62%) from the previous day, coming very close to the daily price limit (9,690 won). It briefly rose to 9,370 won during the session, setting a new 52-week high.The area around the military airport in Songjeong-dong, Gwangsan-gu, Gwangju, where a semiconductor cluster is being established. Photo: Yonhap News This means the stock price has surged 135% in just 15 trading days since trading restrictions were lifted on July 30. The stock had also hit the daily price limit the previous day. The sharp rise in KumhoElectric’s stock price is linked to expectations surrounding the “Honam Semiconductor Cluster.” Since the investment plan for the Honam Semiconductor Cluster—valued at approximately 800 trillion won and involving SamsungElectronics and SK hynix—was announced last June, affiliates of the Honam-based Kumho Group have been successively grouped as “theme stocks.” Recently, as President Lee Jae-myung reiterated the need for swift implementation of the project, buying momentum for related stocks has surged once again. Although KumhoElectric, a lighting and LED manufacturer, has no direct business connection to the semiconductor cluster, analysts note that its “regional ties”—specifically, its base in the Honam region—are serving as a key catalyst for the stock’s performance.
It has been pointed out that for the tokenized securities issuance market to move beyond regulatory frameworks and actually function, financial institutions must step forward as entities responsible f…
The convenience store industry is expanding its network of specialty stores that focus on specific product categories for each company. With the number of convenience stores in South Korea exceeding 5…
(Graphic: ChatGPT)
Three deals involving Korean companies were included among the top 10 influential transactions in the Asia-Pacific pharmaceutical and biotech market this year. SAMSUNG BIOLOGICS…