[Special Stock] School Opening Delayed Due to COVID-19 Spread... Education Stocks 'Strong'
[Asia Economy Reporter Minji Lee] Online education companies are gaining strength as the opening of elementary, middle, and high schools is delayed due to the impact of the novel coronavirus infection (COVID-19).
At 9:21 a.m. on the 2nd, NE Neungyule is trading at 4,630 won, up 14% from the previous session on the KOSDAQ market. In addition, MegaMD (5.44%), Ice Cream Edu (3.63%), and Visang Education (4.88%) are also on the rise.
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Last month, when the government raised the COVID-19 crisis alert level from caution to severe, the opening of kindergartens, elementary, middle, high schools, and special schools nationwide was postponed to the 9th of this month. Daegu City, which currently accounts for more than 70% of confirmed cases nationwide, further postponed the opening of 800 kindergartens, elementary, middle, high, and special schools to the 23rd.
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