[Market Focus] T'way Air Hits 52-Week High Amid Management Dispute

T'way Air shares are showing strong performance. This is due to expectations of a management dispute, as Daemyung Sono Group, the second-largest shareholder, has moved to secure management control, potentially leading to a conflict with Yerimdang, the largest shareholder.

As of 9:24 a.m. on January 23, T'way Air shares were trading at 4,040 won, up 18.8% from the previous day. The stock rose as high as 4,160 won during the session, marking not only a new 52-week high but also the highest price in over three years since October 28, 2021.

T'way Holdings shares also climbed 2.82% to 1,238 won compared to the previous trading day during the same time period. This is the highest level since mid-November 2021.

The news that a full-scale dispute over management control at T'way Air is unfolding appears to have acted as a positive catalyst. Daemyung Sono Group recently sent a management improvement proposal to T'way Air, demanding the resignation of the current management and requesting that the company raise funds through a paid-in capital increase. Daemyung Sono holds a 26.77% stake in T'way Air, making it the second-largest shareholder. The combined stake of T'way Holdings and Yerimdang, the largest shareholders, stands at 30.07%, with only a 2.3 percentage point difference between them.

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