[Featured Stock] TBC, Hong Jun-pyo's Comeback Drama in Conservative Stronghold TK... "Bae Byung-il Is an Outside Director but Unrelated to Business"

[Asia Economy Reporter Hyungsoo Park] TV Chosun has been soaring for the second consecutive day. The company denied any business connection with People Power Party lawmaker Hong Joon-pyo, but the stock price appears to be influenced by Hong's approval ratings.

As of 9:32 a.m. on the 8th, TV Chosun is trading at 2,160 won, up 11.63% from the previous day. After hitting the daily price limit the day before, it continues its rapid rise for two consecutive days.

According to a survey conducted by Embrain Public, K-Stat Research, Korea Research, and Hankook Research from the 4th to the 6th targeting 1,006 people nationwide aged 18 and over, Hong recorded 37% support in the TK (Daegu-Gyeongbuk) region. This is a significant increase of 14 percentage points from the previous survey's 23%.

On the other hand, former Prosecutor General Yoon Seok-youl recorded 26% in TK, the same as the previous survey's 26%. It is observed that Hong's rise in TK support was influenced by his focus on canvassing votes in the TK region ahead of the second cut-off on the 8th, while former Prosecutor General Yoon faced overlapping negative factors such as the controversy over his use of spells, disguised party membership allegations, and the full-scale investigation into the alleged instigation of complaints.

The combined nationwide indicator survey (NBS) by the four institutions has a sampling error of ±3.1 percentage points at a 95% confidence level. For more details, please refer to the Central Election Poll Deliberation Commission website.

In response to an inquiry disclosure, TV Chosun stated, "It is true that Professor Bae Byung-il of Yeungnam University is serving as an outside director of TV Chosun," but added, "There is no business relationship whatsoever between lawmaker Hong Joon-pyo and our company."

This content was produced with the assistance of AI translation services.