[Featured Stock] 'Parasite' Reflects Benefits... CJ ENM Rises Over 4%

[Asia Economy Reporter Oh Ju-yeon] CJ ENM, the investment and distribution company of Parasite, saw its stock price rise by over 4% following the Academy Awards.

According to the Korea Exchange on the 10th, CJ ENM opened the market with a slight increase of 0.4% compared to the previous trading day. However, after news spread that director Bong Joon-ho won Best Original Screenplay, Best International Feature Film, and Best Director for the movie Parasite at the '92nd Academy Awards' held at the Dolby Theatre in Los Angeles, USA, the stock price surged 4.62% during the session to trade at 151,600 KRW.

CJ ENM's stock price had been weak due to the impact of the novel coronavirus infection (Wuhan pneumonia) that began spreading at the end of last month. However, on this day, benefiting from the positive effect of Parasite's Academy Award wins, the stock price surpassed the 150,000 KRW mark during the session for the first time since January 23.

As of 1:55 PM on the same day, foreigners were buying stocks worth 1.7 billion KRW, while institutions were selling stocks worth 3.2 billion KRW.

Meanwhile, CJ ENM introduces Korean films overseas through its overseas direct distribution business, and Im Mi-kyung, CJ Vice Chairman who oversees this, is regarded as a hidden supporter of Parasite's achievements.

This content was produced with the assistance of AI translation services.