[Featured Stock] 'Hong Jun-pyo Related Stock' Gyeongnam Steel Surges
[Asia Economy Reporter Park Soyeon] Gyeongnam Steel is showing strong performance.
As of 9:30 AM on the 3rd, Gyeongnam Steel is trading on the KOSDAQ market at 9,130 KRW, up 1,470 KRW (19.19%) from the previous day.
Gyeongnam Steel's headquarters is located in Changwon, Gyeongnam, the hometown of Assemblyman Hong Jun-pyo, leading to mentions of the company as related to the People Power Party's presidential candidate Hong in stock discussion forums.
The company receives cold-rolled and hot-rolled steel products produced by POSCO Co., Ltd., and supplies them after shearing and cutting to the specifications ordered by its customers.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- Ebola Outbreak With No Vaccine or Treatment Sparks Fears: "One American Infected"
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
It has a market capitalization of 229.2 billion KRW and ranks 469th on the KOSDAQ.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
