[Featured Stock] 'Jeong Se-gyun Related Stock' Daedong Electronics Shows Early Morning Strength
[Asia Economy Reporter Park So-yeon] Daedong Electronics is showing strong performance.
As of 10:38 AM on the 6th, Daedong Electronics is trading at 7,720 KRW on the KOSPI market, up 730 KRW (10.44%) from the previous day.
Daedong Electronics has a market capitalization of 81.2 billion KRW and ranks 912th on the KOSPI.
The company manufactures internal and external components used in various electronic products and is involved in the design and engineering of various products. It mainly produces home appliance parts such as those for TVs, digital cameras, and audio devices.
Its major clients include Japan's Sony, and to respond to market downturns, the company is focusing its sales efforts on new products such as small and precision molds and audio molds.
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Daedong Electronics is being mentioned as a 'Jeong Se-gyun-related stock' on stock forums following news that CEO Kim Myung-sung and former Prime Minister Jeong Se-gyun are alumni of Korea University.
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