[Featured Stock] Samyang Foods Weakens Amid Foreigners' 'Sell' Sentiment

June 18: Youngest Daughter Sells All Her Stocks

Samyang Foods is falling more than 4% due to foreign selling pressure from the early morning session.

As of 10:53 AM on the 24th, Samyang Foods is trading at 668,000 KRW, down 4.57% (32,000 KRW) from the previous trading day. The price even dropped to 662,000 KRW shortly after the market opened.

Foreign investors have net sold 4.76 billion KRW worth of shares, driving down Samyang Foods' stock price. Along with this, there is an interpretation that the sale of shares by the owner family signals a market peak.

On the 18th, Samyang Foods disclosed that Jeon Se-kyung, the youngest daughter of the late Honorary Chairman Jeon Jong-yoon, sold all 14,500 shares she held, representing 0.19% of the total shares, on the market at 502,586 KRW per share (approximately 7.3 billion KRW in total) on the 24th of last month. After the disclosure, the stock price fell for two consecutive trading days. Although it recovered to the 700,000 KRW range as of the closing price on the 21st, it is falling again today.

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