'Baeksuo' Gains Fame: Naturalendotech Hits Upper Limit on First Day of Trading Resumption
[Asia Economy Reporter Park Jihwan] Natural Endotech, famous for Baeksuo, recorded the daily upper limit price on the first day of resumed trading.
As of 10:02 AM on that day, Natural Endotech was at 6,560 won, up 1,510 won (29.90%).
The KOSDAQ Market Headquarters of the Korea Exchange held a corporate review committee on the 3rd and decided to maintain Natural Endotech's listing. Natural Endotech had been suspended from trading since February 15.
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Natural Endotech is a company specializing in health functional foods. In 2015, its performance deteriorated due to a controversy over fake Baeksuo raw materials, which were known to be effective for women's menopause, resulting in four consecutive years of losses. Subsequently, it was designated as a management item and faced the risk of delisting until recently.
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