[Featured Stock] Korea Gas Corporation, Yoon "Pohang 14 Billion Barrels of Oil and Gas Reserves"... Surges for Second Day
Korea Gas Corporation has been strong for the second consecutive day. This is interpreted as being influenced by President Yoon Seok-yeol's announcement the day before that there is a possibility of oil and gas reserves amounting to 14 billion barrels off the coast of Pohang, Gyeongbuk.
As of 9:31 a.m. on the 4th, Korea Gas Corporation is trading at 46,350 KRW, up 19.77% from the previous day. The day before, Korea Gas Corporation closed at the upper price limit.
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The day before, President Yoon Seok-yeol held his first national briefing since taking office at the Yongsan Presidential Office, with Minister Ahn Deok-geun of the Ministry of Trade, Industry and Energy in attendance, stating, "Since our government took office, based on the judgment that there is a high possibility of more oil and gas fields around the East Sea gas field as of last February, we entrusted a world-class deep-sea technology evaluation specialist company with physical exploration and in-depth analysis." He added, "Recently, results showed a very high possibility that oil and gas reserves amounting to 14 billion barrels exist, and this has also been verified by leading research institutions and experts."
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