[Featured Stock] Woongjin Rises on Yoon Seok-yeol's Announcement of Regional Transportation Pledge

[Asia Economy Reporter Park So-yeon] Woongjin is showing strong performance.

As of 1:33 PM on the 7th, Woongjin is trading at 2,035 KRW on the KOSPI market, up 365 KRW (21.86%) from the previous day.

Woongjin is being called a Yoon Seok-yeol theme stock in stock discussion forums because Woongjin Group Chairman Yoon Seok-geum and Yoon Seok-yeol, the People Power Party presidential candidate, share the same Pyeongyang Yoon family lineage.

On the same day, Yoon Seok-yeol, the People Power Party presidential candidate, announced a metropolitan area wide transportation pledge to reduce commuters' burdens by extending the first phase of the metropolitan area GTX (Great Train Express) line and adding three lines in the second phase.

Meanwhile, Woongjin was established in 1983 for the purpose of manufacturing books and educational publications, and in 2007, it was split into investment and education culture businesses. After the split, it has been engaged in investment, IT maintenance, and consulting.

Since the decision to commence rehabilitation proceedings in 2012, it sold all shares of Coway, Woongjin Food, and Woongjin Chemical. Its subsidiaries include 10 companies such as Woongjin ThinkBig and Woongjin Playdoci.

In 2020, Woongjin ThinkBig sold its shares of Woongjin Coway to Netmarble.

Its market capitalization is 162.7 billion KRW, ranking 693rd on the KOSPI.

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