[Special Stocks] 'Coupang Listing Effect'... KCTC, Dongbang, KTH, etc. All Hit Upper Limit
[Asia Economy Reporter Ji Yeon-jin] On the 15th, news of Coupang, the largest e-commerce company in Korea, listing on the U.S. stock market caused the stock prices of Coupang's partner companies to surge simultaneously.
KCTC has been trading at 6,150 KRW, up 29.88%, the daily price limit, from the previous trading day since the market opened. KCTC, a comprehensive logistics company, has a logistics and warehouse partnership with Coupang.
KTH also surged 29.87% in early trading to 12,000 KRW. KTH, a subsidiary of KT, supplies content to Coupang's OTT (online video service) 'Coupang Play.'
Dongbang, which is responsible for Coupang's dedicated logistics transportation until December next year, has maintained 9,970 KRW, up 29.99%, since the market opened.
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Corrugated cardboard manufacturer Daeyeong Pojang recorded the price ceiling of 2,370 KRW around 9:50 a.m. that day.
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