[Special Stock] CJENM Rises Alone in Bear Market... Hits 52-Week High

[Asia Economy Reporter Ji Yeon-jin] CJ ENM is showing a lone upward trend amid the domestic stock market downturn on the 25th.

As of 9:23 AM on that day, CJ ENM was trading at 199,000 KRW on the KOSDAQ market, up 5,000 KRW (2.69%) compared to the previous trading day. During the session, it even rose to 191,600 KRW, marking a 52-week high.

This upward trend is interpreted as a result of the recent popularity of Hallyu content, such as Netflix's "Ojingeo Game" (Squid Game), gaining attention.

Earlier, on the 22nd, Eugene Investment & Securities raised the target price for CJ ENM, stating that its own OTT platform Tving's paid subscriber count is expected to reach 2 million within the year. They also evaluated that significant synergy would be achieved if the acquisition of SM is completed.

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