[Featured Stock] SK Chemicals Rises on Decision for Free Share Issuance

[Asia Economy Reporter Park So-yeon] SK Chemicals is showing strong performance following the decision of a free stock dividend.

As of 9:30 AM on the 8th, SK Chemicals Preferred Shares are trading on the KOSPI market at 174,000 KRW, up 21,500 KRW (14.1%) from the previous day.

At the same time, SK Chemicals common shares are trading at 306,500 KRW, up 15,000 KRW (5.15%) from the previous day.

After the market closed the previous day, SK Chemicals announced that it will proceed with a 50% free stock dividend, allocating 0.5 new shares per 1 common and preferred share.

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