[Featured Stock] Sewon Hits Upper Limit on News of Second Tesla Lucid Listing
[Asia Economy Reporter Ji Yeon-jin] Seowon, a manufacturer of automotive air conditioning parts, surged to the price limit on the 18th following news of Lucid, dubbed the second Tesla, pursuing a public listing.
Seowon was trading at 7,810 KRW at around 9:40 AM, up 29.95% from the previous day. Starting the morning session with a sharp rise, Seowon had closed the previous day at 6,010 KRW, up 10.48%.
Earlier, foreign media reported that the U.S. electric vehicle company Lucid Motors is pursuing a reverse merger listing through a Special Purpose Acquisition Company (SPAC). Currently, Lucid's corporate value is estimated at about 12 billion USD (approximately 13.3 trillion KRW).
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "Reporters Who First Revealed Jo Jinwoong's Juvenile Offense History Cleared of Juvenile Act Violation"
- Instead of a National Assembly Profile, Now a 'Carpenter'... Ryu Hojung Says "I Couldn't Do a Body Profile Shoot Twice"
Seowon is known to have signed a contract with Lucid for header condensers in December of last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
