[Featured Stock] Koas Hits Upper Limit on News of Partial Lifting of Military Facility Protection Zone
[Asia Economy Reporter Park So-yeon] Koas surged to the trading limit following news of the lifting of military facility protection zones.
As of 9:26 a.m. on the 14th, Koas was trading at 1,420 won on the KOSPI market, up 325 won (29.68%) from the previous day.
On the same day, the Democratic Party of Korea and the government announced through a party-government consultation on 'Lifting and easing of military facility protection zones' that "905,3894㎡ of military facility protection zones, equivalent to 3.1 times the area of Yeouido, will be lifted." They also decided to ease 3.69 million ㎡ of controlled protection zones to restricted protection zones.
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Koas owns production plants 1 to 3 and a logistics center on Bangchon-ro, Panhyeon-myeon, Paju-si, near the Demilitarized Zone.
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