[Featured Stock] Korea SE Hits Upper Limit as Typhoon Hinnamnor Approaches... Disaster Recovery Stocks Rally

[Asia Economy Reporter Lee Myunghwan] On the 5th, as the entire country of South Korea came under the influence of Typhoon Hinnamnor, disaster recovery-related stocks showed strength from the early trading session.

As of 9:36 a.m. on the same day, Korea SE was trading at 5,990 KRW, up 29.79% (1,375 KRW) from the previous trading day, approaching the price limit. Woo Won Development was trading at 6,090 KRW, up 15.34% (810 KRW) from the previous day, and Nature and Environment was trading at 1,685 KRW, up 2.74% (45 KRW).

At 3 a.m. on the 5th, Typhoon Hinnamnor passed 550 km south-southwest off Seogwipo City, Jeju. The central pressure and maximum wind speed were 935 hPa and 49 m/s, respectively, classifying it as a "very strong" typhoon. "Very strong" refers to a maximum wind speed of 44 m/s or more but less than 54 m/s, and a maximum wind speed of 33 m/s or more but less than 43 m/s. Hinnamnor is expected to maintain its strength as a "very strong typhoon" while moving northeast to 100 km northeast off Seogwipo by 3 a.m. on the 6th, then approach and make landfall on the southern coast of Gyeongnam, and pass 80 km north-northeast of Busan at 9 a.m. on the 6th before moving out into the East Sea.

President Yoon Suk-yeol chaired a "Typhoon Situation Inspection Meeting" at the Presidential Office Crisis Management Center the day before, urging strengthened inspections of vulnerable areas and proactive responses from all ministries.

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