[Featured Stock] Suseong Rises on Lee Jae-myung's Strong Performance in Honam
[Asia Economy Reporter Park So-yeon] Suseong Innovation, considered a related stock, is showing strength as Lee Jae-myung, the Democratic Party of Korea's presidential primary candidate, secured a majority win in Jeonbuk.
On the 27th, Suseong Innovation's stock price rose to 2,175 KRW during trading on the KOSDAQ market, attracting strong buying interest.
Suseong is regarded as a Lee Jae-myung-related stock on stock forums due to its inside director Yoo Seung-chan's background as a policy advisor for Gyeonggi Province and election planning team leader for the Democratic Party of Korea.
Suseong Innovation has a market capitalization of 117.7 billion KRW and ranks 847th on the KOSDAQ.
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Electric vehicles and sales of SBR and SBF account for more than 55% of its revenue, holding a high market share in the metropolitan area. The company is developing and promoting lithium-ion battery and AGV system businesses.
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