[Featured Stock] AhnLab Surges for Five Consecutive Days on 'Ahn Cheol-soo Prime Minister Speculation'... Up 150% Since Resignation

Ahn Cheol-soo, the chairman of the transition committee, is attending the 2nd plenary meeting of the 20th Presidential Transition Committee held on the 21st at the transition office in Tongui-dong, Jongno-gu, Seoul, delivering opening remarks. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Ji Yeon-jin] AhnLab has been experiencing a sharp rise for five consecutive days amid speculation that its founder, Ahn Cheol-soo, chairman of the Presidential Transition Committee, might be appointed Prime Minister.

As of 10:50 a.m. on the 23rd, AhnLab's stock price was trading at 168,500 KRW, up 24.54% (33,200 KRW) compared to the previous day. Since the rumors about Chairman Ahn's potential appointment as Prime Minister surfaced on the 17th, the stock has surged about 91% over five trading days. Since early this month, right after he declared unification with President-elect Yoon Seok-youl and withdrew his candidacy just before the presidential election, the stock has risen nearly 150%.

AhnLab is a company where Chairman Ahn is the largest shareholder, holding an 18.6% stake. Notably, foreign investors have been buying heavily. According to the Korea Exchange, foreign investors have net purchased AhnLab shares worth 122.6 billion KRW from the 14th through the previous day. Global investment bank JP Morgan disclosed yesterday that it holds a 5.38% stake in AhnLab.

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