Wider Planet, which had its trading halted due to a recent surge in its stock price, hit the daily price limit again on the first day of resumed trading. It is interpreted that the investment sentiment toward Daesang Holdings, previously known as a 'Han Dong-hoon theme stock,' has shifted to Wider Planet. Earlier, Daesang Holdings recorded the daily price limit as it was classified as a 'Han Dong-hoon theme stock.' This followed the revelation that actor Lee Jung-jae and Minister of Justice Han Dong-hoon were high school classmates. Daesang Holdings' Vice Chairman Lim Se-ryung is known to be Lee Jung-jae's long-time partner and the second-largest shareholder. There are concerns that investors should be cautious when investing in stocks that hit the daily price limit due to theme stock effects.


As of 9:39 a.m. on the 15th, Wider Planet was trading at 13,760 won, up 3,170 won (29.93%) from the previous trading day.


Wider Planet surged following news that Lee Jung-jae and Jung Woo-sung participated in a paid-in capital increase worth 10 billion won and 2 billion won, respectively. Once the investment funds are paid, Lee Jung-jae will become the largest shareholder of Wider Planet.



Previously, Wider Planet hit the daily price limit for four consecutive trading days since the 8th. The stock price, which was below 3,000 won at the end of last month, surpassed the 10,000 won mark. In response, the Korea Exchange designated Wider Planet as an investment warning stock on the 12th and halted trading for one day on the 14th.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing