[Featured Stock] "Remember the Promise from a Year Ago?"... SK's 2 Million Won Target Price Recalled, Up 4%
[Asia Economy Reporter Ji Yeon-jin] SK is showing a sharp rise on the 2nd amid a continued weak market due to Russia's invasion of Ukraine.
As of 10:04 AM on the day, SK is trading at 237,000 KRW, up 4.18% (9,500 KRW) compared to the previous trading day.
The strong performance appears to be linked to the remarks of Vice Chairman Jang Dong-hyun, who promised to boost the stock price at last year's shareholders' meeting ahead of the regular shareholders' meeting scheduled for the end of this month.
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Vice Chairman Jang stated at a meeting immediately after last March's shareholders' meeting that he aims to achieve a stock price of 2,000,000 KRW and a market capitalization of 140 trillion KRW by 2025.
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